dible commitments How are we going to compete and gain a competitive advantage in each of our businesses? 1) What businesses do we want to compete in?…

Pre-emptive strikes Hostage taking Credible commitments How are we going to compete and gain a competitive advantage in each of our businesses? 1) What businesses do we want to compete in? Where did they go? How to Diversify? Able to appropriate a larger portion of wealth Avoids complexities of multiple partners How to Diversify?