Internal business venture rather than external mergers,acquisitions and alliances is the preferred means by which most established ﬁrms achieve major extensions in the scope of their activities.

Question

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Most established firms often prefer external mergers, acquisitions, and alliances to achieve major extensions in their activities due to the speed, access to new markets, and resources these strategies provide compared to internal ventures.

Internal Business Venture Rather Than External Mergers,acquisitions and Alliances Is