Description
Hello,
Just discussion, no format requirement,but need Reference.
From the 7 questions below, please choose 3 questions to answer completely.
- Discuss the importance of market power in a related diversification strategy.
- Describe the reasons why firms pursue unrelated diversification
- Discuss the importance of synergy in organizations. Provide examples.
- Distinguish between merger, acquisition, and takeover. Provide an example of each.
- Give examples of why mergers might fail.
- Describe the three basic benefits of an international strategy.
- Describe the major political and economic risks associated with an international strategy.
My major is Hospitality .
Explanation & Answer
Attached.
Running Head: POLICY AND STRATEGY IN BUSINESS
Business Policy and Strategy
Name
Institution
1
2
BUSINESS POLICY AND STRATEGY
Business Policy and Strategy
Unrelated Diversification
Unrelated diversification is a kind of diversification when the firm brings in new
unrelated merchandise to pursue new markets. It can happen when a clothing company enters
shoe manufacturing. Companies enter into unrelated diversification with the promise of attractive
commercial gain which makes diversification to be financially viable. In unrelated
diversification, a firm gets more varieties which leads to bringing more different varieties in the
market (Olsen, 2012). This leads to having more customers and the brand receive more approval
in the market. Companies through research may want to tap more markets. Unrelated
diversification provides more opportunities for markets which are untapped. ...
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