Your selection of an industry needs to be based on research. First, you need to consider what industries your engine manufacturing company might successfully diversify into. Second, you need to determine whether you can find enough information about that industry to make a well-informed decision about diversification.

Select the new industry that you think would be a good fit for your company.

Type your industry here.

Now use the space below to discuss why your company should consider diversifying into your selected industry. Your response should be about 3-4 sentences in length. Be sure to answer the following questions: Prior to doing your research and analysis, what are your thoughts about how your company could expand to take on this new industry? What questions do you have regarding where to get the information and data required for the projects? Do you think this industry will have adequate data available for your research and data collection?