A firm with a functional structure may see its initial markets mature, so it looks beyond its present products and markets for possible expansion. A strategy of related diversification requires a need to reorganize around product lines or geographic markets. This leads to a $q,$

$q,$

maintains its functional structure

develops a divisional structure

develops a matrix structure

develops a worldwide product$-$division structure

What is the fundamental underlying question of our class?

$q,$

How do firms create and sustain competitive advantage?

What is strategy?

$q,$

What kind of resources create value?

$q,$

$$ What are the factors behind emergence of industry clusters?