Support me on Patreon- www.patreon.com/user?u=36571443
Forward and backward integration are examples of vertical integration.
Forward integration is when a company starts doing the work of another company that is one step above in the value chain.And backward integration is the exact opposite of that. That is, when a company starts doing the work of another company that is one step below them in the value chain.
If you didn't know about value chains and vertical and horizontal integration, you can check out my previous videos about those topics.
Value Chain: • Value Chain Explained ...
Horizontal Integration VS Vertical Integration: • Horizontal Integration...
Textbook links, If you want to learn more about the entire subject [Affiliate - If you buy from this link, I will get a small commission]
Strategic Management - amzn.to/3dPj9QP
Strategic Management Theory - amzn.to/3o92lsG
Zero To One (Not a Textbook, but business students will learn a lot from this small book) - amzn.to/2TcE1Il
Other Videos in the Strategic Management Series:
Functional Level Strategies: • Functional Level Strat...
Business Level Strategies: • Business Level Strateg...
Corporate Level Strategies: • Corporate Level Strate...
Levels of Strategies In Strategic Management Explained:
• Levels of Strategies I...
Distinctive competency and competitive advantage: • Distinctive Competency...
Levels of Strategies In Strategic Management Explained:
• Levels of Strategies I...
Icarus Paradox: • Icarus Paradox || Stra...
Technology Adoption Life Cycle : • Technology Adoption Li...
What is chasm and how to cross the chasm: • What is Chasm and How ...
Industry Life Cycle: • Industry Life Cycle ||...
Strategies in Matured Industries: • Strategies in Matured ...
Strategies in Declining Industries: • Strategies in Declinin...
My Gear Past,Present, and Future: [Affiliate Links]
First Recording Device (Headphones): amzn.to/3o0IjRj
Second Recording Device (Lavalier Microphone): amzn.to/31o4LtU
Current Recording Device: amzn.to/31m59Jh
Microphone Filter: amzn.to/37kTHRS
What I Plan To Use In The Future -
Drawing Tablet: amzn.to/3nVpGht
Backup Drive: amzn.to/3jdobYe
Some of my best and biggest videos are on the way; Subscribe here to get notified when I upload: bit.ly/FstStudy