The report "Diversification in the Era of Convergence" by Arthur D. Little discusses the changing landscape of industry convergence and the need for companies to adapt their diversification strategies. The authors argue that traditional models of diversification, such as acquiring related or unrelated companies or investing in long-term R&D programs, are no longer sufficient in today's uncertain and convergent environment. Instead, companies must "Scout" for and invest in disruptive technology start-ups, as well as "Harvest" internal capabilities and assets that already exist. The report suggests that an effective diversification strategy should include these key elements and be tailored to the specific needs and opportunities of each company.
