Diversification is a corporate strategy to enter into a new market or industry which
the business is not currently in, whilst also creating a new product for that new ...
Apr 24, 2015 ... Diversification is about building new products, exploring new markets, and taking
new risks. But as risky as it can be, it may also be a great way ...
Diversifying in this way can help your business weather tough times by providing
... Growth through diversification can help your company have options in place ...
Recent examples of corporate diversification include the entries of Gillette into
manufacture of felt-tip pens, John Deere into snowmobiles, and Texas
Feb 26, 2015 ... Focus and diversification are often presented as a choice: You can ... to think of
focus as how broad or narrow your range of businesses is.
Jun 14, 2013 ... Diversification can help your business survive in a crowded market. But it can
also be a risky strategy, says Alison Coleman.
Corporate strategy: Practice under which a firm enters an industry or market
different from its core business. Reasons for diversification include (1) reducing
Aug 24, 2007 ... Should you diversify your business? And how do you develop a successful
business diversification strategy? Assess your options with our ...
Define corporate strategy, describe some of the reasons why firms diversify,
identify and describe different types of corporate diversification, and assess the ...
Diversification means branching out into new business opportunities, not just
expanding your existing business. For example, if you have a dine-in restaurant