Which of the following provides a framework for understanding diverse businesses and helps managers establish priorities for allocating resources?
A)a differentiation matrix
B)vertical integration
C)a corporate portfolio matrix
D)a strategic business unit

Question

Quizplus · Accepted Answer

A corporate portfolio matrix, such as the BCG matrix or GE matrix, helps managers understand the diverse businesses within a company and allocate resources accordingly. It categorizes businesses based on their market growth rate and relative market share, allowing managers to prioritize investments and divestments. A differentiation matrix is not a commonly used term in strategic management, while vertical integration and strategic business units are specific business strategies rather than frameworks for understanding diverse businesses.

Which of the Following Provides a Framework for Understanding Diverse