Diversification reduces financial risk. Is it justifiable for a company to adopt diversification strategy purely based on this argument? Why? Summarize the good reasons and/or bad reasons for corporate diversification/expansion through mergers and acquisitions. GE was a very successful conglomerate, but the stock has underperformed the market in the last decade (its price dropped more than 50% while S&P 500 index increased about 50% over the last five years. The stock price has shown some sign of recovery during the last two years.): apply the theoretical arguments to analyze the success and/or failure of GE's corporate diversification/expansion strategy. (Or you may use any real companies as examples for your discussion.)