Internal business ventures rather than external mergers,acquisitions and alliances are 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 pursue growth and extensions in their scope of activities through external strategies such as mergers, acquisitions, and alliances, as these methods can provide quicker access to new markets, technologies, and resources compared to the slower process of developing internal ventures.

Internal Business Ventures Rather Than External Mergers,acquisitions and Alliances Are