What are the different types of diversification

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- How could you survive the shakeout stage? For example, is higher innovation or higher efficiency usually better for the shakeout? Why

- Do you know which business-level strategy (differentiation or cost-leadership) is a better fit for which life cycle stage?

What is economies of scope? How do firms improve their economies of scope (hint: sharing resources and core competencies). Do firms with related diversification have better or worse economies of scope? Why?

What are the different types of diversification? What's the difference between related-constrained, related-linked, and unrelated? What kind of diversification, on average, performs the best? Why does that type of diversification the best (hint: sharing resources). How do firms improve their economies of scope (hint: sharing resources and core competencies

Can you read about a company and figure out which life cycle stage they're in? If I told you what kind of customers they had (e.g., early adopters, laggards, etc.), core competencies, number of competitors, mode of competition, etc., could you figure it out? Can you compare the life cycle stages and figure out which stages have more/less strategic variety (different possible strategies that could be successful) relative to the other stages?

Reference no: EM132217736

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