Consider the 4 corporate-level strategies discussed in Chapter 6 of the textbook. Describe the pros and cons of implementing each of these strategies in terms of how they relate to your restaurant. Give one example from the hospitality industry with references for each of the strategies. That means there should be a total of 4 examples. There needs to be four sections discussing:
Concentration Strategy – definition and 1 example from the hospitality industry.
Vertical Integration Strategy – definition and 1 example from the hospitality industry.
Diversification Strategy – definition and 1 example from the hospitality industry.
Mergers and Acquisitions – definition and 1 example from the hospitality industry.
This section is worth 20 points (5 points for each section).
Please use research for this assignment and make sure you cite your references using APA style. This means you must have a list of references at the end of your homework in alphabetical order AND you must have in-text citations. An in-text citation looks like this: Previous research suggests that consumers value the relationship they built with hosts while staying at an Airbnb-style accommodation (Belarmino, Whalen, Koh, & Bowen, 2017).
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