Diversification has been a key source of value creation for most of the firms that have dared to expand beyond the boundaries of their own industry.

Name: Diversification has been a key source of value creation for most of the firms that have dared to expand beyond the boundaries of their own industry.
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Question

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Diversification can create value, but it often leads to challenges such as lack of focus, increased complexity, and potential misallocation of resources, which can outweigh the benefits for many firms.

Diversification Has Been a Key Source of Value Creation for Most