Many more firms have failed at ________ than have succeeded due to the immense challenge of managing businesses in many industries rather than in a single industry.
A) forward integration
B) related diversification
C) backward integration
D) unrelated diversification
E) horizontal integration

Question

Quizplus · Accepted Answer

Unrelated diversification refers to expanding a business into industries that are not related to its current operations. This is often considered a high-risk strategy as it requires managing businesses in multiple industries. Many companies have failed at unrelated diversification due to the difficulty of managing such a diverse portfolio of businesses.

Many More Firms Have Failed at ________ Than Have Succeeded