Discuss how firms can benefit from related diversification and also can benefit from unrelated diversification

Discuss how firms can benefit from (1) related diversification and also can benefit from (2) unrelated diversification. Discuss some of the key concepts that can explain firm success or firm failure from selecting one or the other diversification strategy.
Your one-page (approximately 350 words) written answer should include the following assignment rubric information:
Read the assigned DQ question and locate the Dess strategy textbook chapter sections that best explain the strategic management framework that aligns with this DQ question. Write specific strategy definitions and information that you learned from your reading of the strategy textbook chapter to frame the beginning of your DQ answer.
To support your written DQ answer, provide one business strategy examples that you learned from reading the Dess strategy textbook chapter sections that directly applies to the assigned DQ question. Each Strategy textbook chapter includes business examples within the main strategy text pages, as well as in each chapter’s Insights from Research, the multiple chapter Strategy Spotlight case examples, and the Issue for Debate in the chapter concluding section.
Continue with your written DQ answer by providing additional supporting information and/or a business example learned from viewing and listening to the assigned instructor-recorded BP Strategy course lectures that directly apply to a comprehensive DQ topic answer.
Complete your written DQ answer by providing one additional supporting strategic management insight and/or business example you learned from viewing the assigned business strategy videos that support the DQ assignment answer.

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