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This document discusses corporate-level strategy and diversification. It defines corporate-level strategy as specifying actions to gain competitive advantage by selecting and managing different businesses. Diversification can occur at different levels from low to very high. Reasons for diversification include economies of scope, market power, financial economies, and external incentives like regulations. Firms can create value through related diversification using shared activities or transferred competencies, or unrelated diversification through efficient capital allocation or restructuring. However, overdiversification driven by managerial motives can reduce value. Low firm performance also provides an incentive to diversify.
This document discusses corporate-level strategy and diversification. It defines corporate-level strategy as specifying actions to gain competitive advantage by selecting and managing different businesses. Diversification can occur at different levels from low to very high. Reasons for diversification include economies of scope, market power, financial economies, and external incentives like regulations. Firms can create value through related diversification using shared activities or transferred competencies, or unrelated diversification through efficient capital allocation or restructuring. However, overdiversification driven by managerial motives can reduce value. Low firm performance also provides an incentive to diversify.
The document lists 13 famous gardens around the world, including Versailles in Paris, France; The Garden of Cosmic Speculation in Scotland, UK; Boboli Gardens in Florence, Italy; Rikugien Gardens in Tokyo, Japan; Claude Monet Gardens in Giverny, West Paris, France; Butchart Gardens in Victoria, BC, Canada; Kirstenbosch Botanical Gardens in Cape Town, South Africa; Guarapiranga Sacred Grounds in Sao Paulo, Brazil; Yu Gardens in Shanghai, China; Exbury Gardens in New Forest, England; Keukenhof Gardens in Holland; Mirabell Garden in Salzburg, Austria; and Zen Garden of Ryoan Temple in Kyoto
Erik Johansson is a 23-year-old Swedish student who creates impossible pictures that play tricks on the viewer's mind. His pictures use optical illusions and unusual perspectives to make scenes and objects appear in ways that defy perception and logic.