For this team assignment, you and your co-managers are asked to collaboratively discuss and develop responses to each of the following questions prior to entering your final set of decisions for this week. Please make certain to address all aspects of each question specifically in your responses which each should be 1 to 2 paragraphs in length. For additional help in answering these questions, see the “Exercise for Simulation Participants” sections at the end of each chapter. There are similar questions to the ones found below and links to corresponding sections in the textbook (Thompson, Crafting & Executing Strategy: The Quest for Competitive Advantage: Concepts and Cases 23e).
- If your business decided to diversify its products or businesses using related diversification, which products or businesses would your company move into and why?
- If your business decided to diversify its products or businesses using unrelated diversification, which products or businesses would your company move into and why?
- For your company to diversify its products or businesses, list and describe which resources and capabilities your company could provide for this purpose.
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