Examlex

Solved

Identify and Explain the Meaning and Strategic Significance of Each

question 99

Essay

Identify and explain the meaning and strategic significance of each of the following terms:
a.related diversification
b.strategic fit
c.economies of scope
d.retrenching
e.unrelated diversification


Definitions:

Undoing

A psychological defense mechanism where an individual attempts to 'undo' an unacceptable thought or action by acting in a manner that counterbalances or negates it.

Drinking Binge

A pattern of drinking alcohol that brings blood alcohol concentration to 0.08 grams percent or above, typically occurring over a short period of time.

Constructive Coping

Strategies employed to deal with stress in a healthy and productive manner.

Realistic Appraisals

The process of assessing a situation or oneself in a manner that is true to reality and grounded in factual observation.

Related Questions