ABC, Inc. is considering diversifying into a new industry. However, they currently do not have enough cash on hand to make an acquisition nor do they have the human capital to do so through internal mechanisms. A good alternative for ABC, Inc. would be to $\_\_\_\_\_\_.$

Question $3$ options:

Take on a substantial amount of debt to hire enough new employees to diversify through internal means.

Fire the majority of current employees and hire new employees.

Form a strategic alliance with a firm currently competing within the industry.

Attempt a hostile takeover of a firm currently competing within the new industry.