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Strategic Management
, Sixth Edition
Charles W. L. Hill, University of Washington
Gareth R. Jones, Texas A&M University
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| | Chapter Objectives
Chapter 10:
Corporate Strategy: Diversification, Acquisitions, and Internal New Ventures
- Introduce students to concepts related to diversification, including the reasons firms pursue diversification.
- Describe related and unrelated diversification, and the benefits and problems associated with each.
- Summarize the limits of diversification with a focus on bureaucratic costs, and show how diversification can lead to value dissipation, rather than value creation.
- Describe benefits, challenges, and implementation guidelines for the corporate-level strategy of internal new ventures.
- Describe benefits, challenges, and implementation guidelines for the corporate-level strategy of acquisitions.
- Describe benefits, challenges, and implementation guidelines for the corporate-level strategy of joint ventures.
- Discuss the reasons firms restructure, and illustrate several exit strategies.
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