Table of Contents
PPT Slide
….to acquire or not to acquire: that is the question. Robert J. Terry
Chapter Outline
Diversification and Corporate Strategy
The Four Main Tasks in Crafting Corporate Strategy
Stages in Transitioning from a Single Business to a Diversified Company
Competitive Strengths of a Single Business Strategy
Competitive Strengths of a Single Business Strategy (cont.)
Risks of a Single Business Strategy
When to Diversify?
When Does Diversification Start to Make Sense?
Why Diversify?
Strategic Management Principle
Corporate Strategy Alternatives
Diversification Strategies
Strategies for Entering New Businesses
Acquire a Company Already in the Target Industry
Diversification via Internal Startup
Diversification via Joint Ventures
Drawbacks of Joint Ventures
What Is Related Diversification?
Related Diversification and Strategic Fit
Attractiveness of Related Diversification
Related Diversification and Competitive Advantage
Common Approaches to Related Diversification
Benefits of Related Diversification
Concept: Economies of Scope
Concept: Strategic Fit
Types of Strategic Fit
Technology Fits
Operating Fits
Potential Benefits of Operating Fits
Distribution and Customer-Related Fits
Potential Benefits of Distribution and Customer-Related Fits
Managerial Fits
Capturing Benefits of Strategic Fit
What Is Unrelated Diversification?
Basic Premise of Unrelated Diversification
Acquisition Criteria For Unrelated Diversification Strategies
Attractive Acquisition Targets
Appeal of Unrelated Diversification
Drawbacks of Unrelated Diversification
How Many Unrelated Businesses Can a Company Diversify Into?
How Broadly Should a Company Diversify?
Diversification and Shareholder Value
Post-Diversification Strategies
Divestiture and Liquidation Strategies
Divestiture and Liquidation Strategy Options
Turnaround, Retrenchment, and Portfolio Restructuring
Corporate Turnaround Strategies
Corporate Retrenchment Strategies
Portfolio Restructuring Strategy
Conditions That Make Portfolio Restructuring Attractive
Comment: Trend in Diversification
Multinational Diversification Strategies
Multinational Diversification: 1960s
Multinational Diversification: 1970s
Multi-National Diversification: 1980s
Competitive Advantage Avenues for a DMNC via Related Diversification
Competitive Strength of a DMNC in Global Markets
Competitive Strength of a DMNC in Global Markets
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