| Diversification and the Achievement of Scope Economies (2009) | |||||||||||||
Abstract | |||||||||||||
| The utility industry is undergoing major regulatory changes, freeing up competition between different business models. Diversification is one of the main themes in this struggle for success. The question of how companies can add value by engaging in multiple businesses inevitably relates to the concept of economies of scope. This book chapter introduces the concept as a rationale for diversification, discusses its practical limitations and analyses whether it explains the exhibited diversification trends within the utility industry. | |||||||||||||
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