Electric airplanes, including passenger electric airplanes,…
Electric airplanes, including passenger electric airplanes, are on the horizon. Airplanes are now being powered by electric battery power. The next two questions will ask you about corporate business diversification strategies we studied that an existing company can pursue into new industries. Each answer must apply a different corporate business diversification strategy and you must select a unique company for each answer. In total, you will identify two different corporate diversification strategies into new industries and a relevant company for each strategy. Using one type of corporate diversification strategy for an existing company, identify an existing company that would use this type of corporate diversification strategy to compete in the electric airplane industry. Apply that corporate diversification strategy the company would use by explaining why that strategy is relevant in these circumstances and how that company would pursue it. Using a different type of corporate diversification strategy for a different but existing company, identify that other company that would pursue this type of corporate diversification strategy to compete in the electric airplane industry. Apply that second corporate diversification strategy this other company would use by explaining why this diversification strategy is relevant in these circumstances and how this other company would pursue it.
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