When businesses give autonomy and power to each of their divisions and departments, the result is differentiation, in which each section develops its own cultures and methods. When a company brings ...

A vertically integrated business refers to a business that has expanded into different steps along production, manufacturing, and supply. In other words, a vertically integrated business controls some ...

Explore the advantages and challenges of backward integration for businesses, and learn how this strategy can enhance supply chain control and efficiency.

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Khadija Khartit is a strategy, investment, ...