“[ Diversification strategy is] a firm’s commitment to diversity per se, together with the strengths, skills or purposes that span this diversity, shown by the way in which business activities are related one to another.”

—  Richard Rumelt

Source: Strategy, structure, and economic performance. (1974), p. 29

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "[ Diversification strategy is] a firm’s commitment to diversity per se, together with the strengths, skills or purposes…" by Richard Rumelt?
Richard Rumelt photo
Richard Rumelt 25
American economist 1942

Related quotes

“A fundamental part of any firm's corporate strategy is its choice of what portfolio of business to compete in. According to the academic literature, this decision should reflect the 'superiority' of related diversification over unrelated diversification… This is because related diversification presumably allows the corporate center to exploit the interrelationships that exist among its different businesses (SBUs) and so achieve cost and/or differentiation competitive advantages over its rivals.”

Constantinos C. Markides (1960) Cypriot business theorist

Source: "Related diversification, core competences and corporate performance", 1994, p. 149

“The firm-as-portfolio model implies both a practice (growth through diversification) and a form (the conglomerate). Unrelated diversification entails buying businesses in industries that are neither potential buyers, suppliers, competitors, or complements to the firm’s current business.”

Neil Fligstein (1951) American sociologist

Source: The transformation of corporate control, 1993, p. 229

Eric Garcetti photo

“America’s diversity is our greatest strength. Diversity is not easy. Diversity is a leap of faith that embraces all faiths.”

Eric Garcetti (1971) American politician

2016, Los Angeles 2024 Summer Olympics bid
Context: Please don’t doubt us. America’s diversity is our greatest strength. Diversity is not easy. Diversity is a leap of faith that embraces all faiths. And that’s why I believe L. A. is a perfect choice for the 2024 Games, because the face of our city reflects the face of the Olympic Movement itself.

“Make the collective, professional pursuit of listening skills per se a keystone of corporate 'culture.”

Tom Peters (1942) American writer on business management practices

January 12, 2015.
Tom Peters Daily, Weekly Quote

Nayef Al-Rodhan photo

“Cultural and ethnic diversity benefit humanity’s future, survival, strength and excellence, promoting what I call cultural vigour, similar to the way in which molecular and genetic diversity promote “hybrid vigor” in nature and thus strength, resilience and a higher potential for a problem-free future.”

Nayef Al-Rodhan (1959) philosopher, neuroscientist, geostrategist, and author

The Geopolitics of Culture: Five Substrates, (2014)

Philippe of Belgium photo

“The wealth of our country and our institutional system lies particularly in the fact that our diversity is strength. Whenever we find a balance between unity and diversity, the strength of Belgium is precisely to give meaning to our diversity.”

Philippe of Belgium (1960) seventh king of the Belgians

Divided Belgium has a new King Philippe http://www.telegraph.co.uk/news/worldnews/europe/belgium/10193295/Divided-Belgium-has-a-new-King-Philippe.html, Telegraph (July 21, 2013)

Tucker Carlson photo

“How exactly is diversity our strength?”

Tucker Carlson (1969) American political commentator

[How white supremacy went mainstream in the US: 8chan, Trump, voter suppression, Luke, Darby, August 11, 2019, The Guardian, https://www.theguardian.com/us-news/2019/aug/11/el-paso-shooting-white-supremacy-8chan-voter-suppression]
2010s, 2019

“Diversity is one of the high priorities that I expected everybody in the leadership position at the university to be committed to.”

Robert J. Birgeneau (1942) Canadian physicist

as quoted in Searching for science policy, by Jonathan B. Imber, published by Transaction Publishers (2002), ISBN 0-765-80163-9, p. 27.

Richard Rumelt photo

“Prior work has shown an association between diversification strategy and profitability. This paper replicates that association using more recent and complete data and goes on to investigate the sources of the association. Theoretical arguments are advanced which predict the association which will remain once the effects of varying industry profitability are removed. Empirical tests verify this prediction and permit the discrimination between the effects of industry and diversification strategy on profitability.”

Richard Rumelt (1942) American economist

Source: "Diversity and Profitability", 1982, p. 359; Abstract

Related topics