Considering corporate strategy for diversified firms in the French business context. These include corporate governance, vision and management related diversification. After the first loss of the company ever, Vivendi board elected a new chairman, who received financial restructuring and formulated a new corporate strategy. His actions were determined in part by the French business environment, which does not make it easy to reduce staff, as well as the growing importance of foreign investors in France. "Hide
by Cynthia A. Montgomery, John M. Turner Source: HBS 21 pages. Publication Date: December 16, 1998. Prod. #: 799019-PDF-ENG