Entrepreneurial and Strategic Assignment

Peruse the business group listings for Ingersoll Rand shown below and listed at its website (company. ingersollrand.com/ircorp/en/discover-us/our-global-brands.html). How would you characterize the company’s corporate strategy—related diversification, unrelated diversification, or a combination related unrelated diversification strategy? Explain your answer. • Club car—golf carts and other zero-emissions electric vehicles. • Thermo King—transportation temperature control systems for truck, trailer, transit, marine, and rail applications. • Ingersoll Rand—compressed air systems, tools and pumps, and fluid handling systems. • Trane—heating, ventilating, and air conditioning systems. • American Standard—home heating and air conditioning systems. • ARO—fluid handling equipment for chemical, manufacturing, energy, pharmaceutical, and mining industries.