Update the material on any or all of the four conglomerate businesses discussed in Minicase 16.2.

Using this and details of the corporate strategies pursued by other large companies with which you are familiar, which of the following two statements do you most agree with?

‘Conglomerate diversification has now given way to focus strategies – focus is here to stay.’

‘Focus strategies cannot generate sufficient growth long-term to satisfy shareholders – diversification will make a comeback.’