George has learned that National Timber is considering selli…
George has learned that National Timber is considering selling its business to the highest bidder. National Timber is also family owned, but the younger generation of the family has little interest in continuing to run the business. Acquiring National Timber would not only help secure a source of wood, but would also open up Georgia Lumber Company to selling wood to other regional firms similar to itself and Alabama Woods. George understands the risk associated with the initiative and the likely high “price tag” for National Lumber, but this initiative alone if successful, would exceed Otis Thomsan’s 50% growth objective. This initiative, if approved by Mr. Thomson, could best be described as a ________________ strategy.
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