CHAPTER 1.0 INTRODUCTION 1.1 Background of the Study Diversification has been an essential basis for the growth and survival of firms in the last half of the twentieth century, due to the vulnerability of the single-business firms to the fast and unexpected changes in the environment (Ansoff, 1965; Penrose, 1995). As such, corporate diversification has been one of the most one of the most widely researched (Johnson and Scholes, 2002, p304). Moreover, within the diversification research, most attention goes to …
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showed last 75 words of 5900 total
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