Language enhances the process of interaction and integration in the global arena. professional specifically for you? Integration on the other hand irons out the differences in order to achieve unity. In an acquisition, a larger firm purchases and absorbs a smaller firm. Such connections are useful in the establishment of platform for campaigns on various issues (Tony & Jen, 2003). executives _____ are voluntary arrangements between firms that involve the sharing of knowledge, resources, and capabilities with the intent of developing processes, products, or services. ��P�mBaP�t@Po3F#Q���\7H�p�Ԙ�u1�%Q���!��� �w"�D*P�"��� �r.�̆�Xd�dT6��G*�D�g�С�2_3�� The term merger is generally used when two similarly sized firms are integrated into a single entity. Horizontal integration refers to pursuing a diversification strategy by acquiring or merging with a rival. The term merger is generally used when two similarly sized firms are integrated into a single entity. ֈn�Nf���� The initial strategy came when Copyright © 2020 - IvyPanda is a trading name of Edustream Technologies LLC, a company registered in Wyoming, USA. Examples of each are illustrated below.. Moderate to High Levels of Diversification. 0000006168 00000 n Integration was followed by three sorts of diversification--the policy of the full-line which was sometimes extended to that of the multi-line, and finally the policy of continuing product turnover. 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Corporate Strategy: Vertical Integration and Diversification. Such components include language, values, aesthetics, religion, law and politics, education, and social organization. 2. We use cookies to give you the best experience possible. Technology and material culture are some of the new components of culture in the modern society. Different individuals can seek employment in different countries, hence enabling the process of interaction. 0000004303 00000 n The persons responsible for forming corporate level strategy are the. Cambridge: Cambridge University Press. %PDF-1.2 %���� 0000003387 00000 n 0000007117 00000 n [Gort, Michael, Unknown] on We utilize security vendors that protect and ensure the integrity of our platform while keeping your private information safe. �P1�%R���:6�#i\0j5��)���m��)l0�g����c4�ό����{U���A$�t2��F���n Unfortunately, your browser is too old to work on this site. IvyPanda, 28 May 2020, (2020) 'Cultural Diversity: Diversification and Integration'. Sharing of cultural values has led to intermarriages between people from different regions of the world (Beck, 2000). of integration and diversification may have some value for both the business and the economic historian. Retrieved from Integration and Diversification Assignmentdocxdl0rlkeya6tz0h52j9uqpvmjvcshyp9na from BUS 475 at Ashford University %ИϚ�5F�7`�7���uBˋ��E�uSe�6��f���E�Z�u�Ñ��.=�_�h�2�Cu�z�=N�x"������Ŝ� �������9��8��s��f�����s�+xa��K�ܲ���W����!ܫ����`�7�cHŷ�� endstream endobj 67 0 obj 825 endobj 68 0 obj << /Filter /LZWDecode /Length 67 0 R >> stream Language is one of the cultural components that that can be used to attain collective identity. 28 May. �D Ѡ�h.X�l4���Hl0�m���&ш��o� Some management experts have tried to show that diversified firms? If you continue, we will assume that you agree to our ���װ�꽍�(���h��dZΨ�#�L�L8 �`�1�12��%ʄv�,R]����2�l������*��(������pr�HH�>�ıBx���@ΌO��6����7M�|�@*R�)�t+AN:�9�b�� Your privacy is extremely important to us. *���lPa7-6��'s�݈�����s4��&;%��j*[1�BYX��';�D2��p�A�7Ny̅��&����e2]*�\�#\��q��O�4:(��I�ˆs)�D�S�Mv�J�p�t���P����w-�R�H4�Ά�,�l��&,�O\���8�e�^�$�C�ڡ��b���v��Nk��(B��(�B��4.���6l��� �0�2�Mj�����s⓹a���4�м�cE�b�ѤV%QtL�!�f���B;?� @�4'��`�t �B�4,�M�z�Ð���k69�#�ӌ�������r��K��� #��E���`�3E዗ �K��2�Cp�6 �8��M���Eb���ȸ�J ��(�ܸIrS�����$��n��6�Ϫ��4��^&4E�GV4�����@� �-��2��Dc�ʲP���&��E�'�r�`�(�G�D�]�����5Zl��c�ŕH�� May 28, 2020. Understanding globalization. You can use them for inspiration, an insight into a particular topic, a handy source of reference, or even just as a template of a certain type of paper. The ability to speak universal language enables individuals to eliminate the language barriers and communication problems, which may interfere with integration process. ñ/rʳ��#$]��_(�w� Vertical integration involves the acquisition of business operations within the same production vertical. Tolerance and Respect for Cultural Differences, Cultural Intelligence by Earley, P. Christopher and Elaine Mosakowski. The interplay between other cultural elements such as language and technology has greatly influenced the development of common values across the world. The various components of culture determine the identity of various groups and individuals in the society. �a�� � Cultural Diversity: Diversification and Integration, Managing Diversity: Gender, Ethnicity and Origin, Product diversification and internationalization, Analysis of Pfizer Diversification Strategy, Globalization: Not a Threat to Cultural Diversity, Moët Hennessy Louis Vuitton (LVMH) Diversification, The United Arab Emirates Diversification of Economy. 3. May 28, 2020. Education enables individuals to understand and appreciate the element of diversity. Universal languages have enabled people from various parts of the world to interact and form relationships (Beck, 2000). In the global arena, the issues of cultural diversity are important in influencing development (Farazmand & Pinkowski, 2006). Diversification on its own rights embraces the differences between individuals and groups in the society. vary according to their levels of diversification. 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