There is ample room for companies to customize their diversification strategies and be defined as being either narrowly or broadly diversified, and when combination related$-$unrelated diversification strategy options are adopted, they have particular appeal to

those companies with a mix of valuable competitive assets, covering the spectrum from generalized to specialized resources and capabilities.

those large multibusiness firms, sometimes called conglomerates, because they have a unique capability designed to stabilize earnings.

companies with a portfolio of product choices for buyer$-$related behavior.

D corporate managers who take on risks without performing due diligence.

corporate managers who want to play the corporate parent role without fiduciary responsibility.

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