Oxford Reference defines diagonal integration as strategic acquisitions, alliances and information partnerships between companies. The purpose of diagonal integration is to improve access to consumers and achieve economies of scale. These partnerships are characterized by tightly-related, consumer-oriented services.
The main goal in diagonal integration is to take advantage of possible synergies between companies, thereby increasing profitability and productivity. Companies partnering up via a diagonal integration strategy are typically from different but complementary industries. An example of this strategy is seen with travel agents who offer travel insurance, car rentals, travel planning, ticketing, add-on excursions and other services from business partners.Learn More
Outputs, such as revenue and profit, enable companies to find outcomes, but without outcomes, there is no need for outputs, according to Harvard Business Publishing. Outcomes are the difference made by the outputs.Full Answer >
Security dye packs can be purchased at designated companies such as NELMAR. The company distributes security packaging items to prevent theft and fraud.Full Answer >
Business aims or objectives establish goals that companies wish to achieve during a set period of time, which include sales targets, profits, growth predictions and market shares. The targets set by companies help with planning and allow individuals within organizations to break up their tasks in the most efficient manner to help reach a common end goal.Full Answer >
Private companies are companies that are not publicly traded on an exchange market such as the New York Stock Exchange. They are typically owned by the founders of the company, current management or a private equity group.Full Answer >