This week, the focus has been on reflecting on different approaches to strategy and the… 1 answer below »

This week, the focus has been on reflecting on different approaches to strategy and the capability of those to utilize existing positions and strengths versus their encouragement of the development of alternative or creative outcomes.

With these thoughts in mind, what are the two ways diversification strategies can create value?Embed course material concepts, principles and theories, which require supporting citations along with at least one scholarly peer-reviewed reference in supporting your answer unless the assignment calls for more. Keep in mind that these scholarly references can be found in the Saudi Digital Library by conducting an advanced search specific to scholarly references.

RequiredChapter 5 (“Industry Life Cycle” section) in Foundations of StrategyChapter 7 (“Managing Corporate Strategy” section) in Foundations of StrategyEzzi, F., & Jarboui, A. (2016). Does innovation strategy affect financial, social and environmental performance?Journal of Economics, Finance & Administrative Science, 21(40), 14-24.Rosenzweig, S., & Grinstein, A. (2016). How resource challenges can improve firm innovation performance: Identifying coping strategies. Creativity & Innovation Management, 25(1), 110-128.please provide quotes and theories from the attached book and the two articlesthe page limit is a half page

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