Which strategy might be the most likely when management realizes that the current industry is unattractive and that the firm lacks outstanding skills that it could easily transfer to related products or services in other industries?
A) concentration
B) horizontal growth
C) concentric diversification
D) vertical growth
E) conglomerate diversification

Question

Quizplus · Accepted Answer

When an industry is unattractive and a firm lacks transferable skills for related products or services, conglomerate diversification is a strategy that involves expanding into unrelated businesses, offering a way to diversify the company's portfolio and reduce dependence on the original, unattractive industry.

Which Strategy Might Be the Most Likely When Management Realizes