Outside Suppliers (Intermediate Goods & Components
In House Suppliers (Intermediate Goods & Components
In House Suppliers Assembly & Manufacturing
Outside Distributors Retail & Sales
In House Distributors Retail & Services
Think of each of these as a business. (If you are literally “all work and no play,” you are a single-business type of personal diversification.) Instead of revenues, estimate the percentage of time you spend per week in each activity. (Most people will be diversified, though some may be dominant perhaps in school or work.) To assess your degree of related- and unrelated, consider the subject matter and community involved with each activity.
What conclusions do you derive based on your personal diversification strategy?
Do you need to make adjustments to your portfolio of activities?
Explain the reasons for your answer.