Reference no: EM133031202

Consider the questions at the end of the paragraph and discuss. Kinder-Care Learning Centres had been founded to take advantage of the increasing numbers of dualcareer couples who were turning to day-care centres to watch their children while they were at work. In comparison to some centres that were nothing more than babysitting services providing only minimal attention to the needs of the children. Kinder-Care offered pleasant surroundings staffed by well-trained personnel. Soon kinder-Care had over 1000 centres in almost 40 cities in the United States. Not satisfied with its success, however, Kinder-Care's top management decided to take advantage of its relationship with working parents to diversity into the somewhat related business of banking, insurance and retailing. Financed through junk bonds, the strategy failed to bring in enough cash to pay for its implementation. After years of losses, the company was driven to bankruptcy in the later 1980s. It emerged from bankruptcy in 1993, divested of its acquisitions and pledged to stay away from diversification.