Conglomerate Diversification
Conglomerate Diversification (Unrelated Diversification) is a form of diversification in which a firm acquires a business to reduce cyclical fluctuations in cash flows or revenues.
Definition
According to the Strategic Management by Parnell (4th edition),
- Conglomerate Diversification (Unrelated Diversification). A form of diversification in which a firm acquires a business to reduce cyclical fluctuations in cash flows or revenues.