EXPANSION STABILITY RETRENCHMENT COMBINATION INTERNAL Penetrate Exiting Markets; Seek Production and Reduce Cost, Reduce Subcontracting Add New Products; Add Marketing, Efficiencie, Asset; Drop Products; New Markets Reorganize Drop Markets; Drop Function EXTERNAL Acquisitions; Maintain Market Share Divest SBUs; Liquidation; Cross-License Mergers Bank Joint Venture RELATED Seek Sinergy From New Improve Product Eliminate Related Products; Markets or Products, Markets, or Function Function UNRELATED Conglomerate Diversifications in Products, Markets or Function HORZONTAL Add Complementary Products or Markets VERTICAL Add New Functions ACTIVE Innovative, Entrepreneurial Moves PASSIVE Imitator in R & D Reactive Defense of New Products Products