theprof00 on 23 September 2011
Both have their strengths and weaknesses. In a strong market expanders do the best, in a weak market specialized do the best.
Expanders have the ability to branch off easily and invest lots of money into new things and can accept failure and losses, typically, specialized have better products and are more flexible, while financial instability in their market can spell doom.
For example, if video game industry bottomed out, who would be hurt the most? But, who is currently hurt the most?
In times of industry boom, who did the best, who did the worst?
