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Ansoff pointed out that a diversification strategy stands apart from the other three strategies. Whereas, the first three strategies are usually pursued with the same technical, financial, and merchandising resources used for the original product line, the diversification usually requires a company to acquire new skills and knowledge in product development as well as new insights into market ...
A conglomerate (/ k ə ŋ ˈ ɡ l ɒ m ə r ə t /) is a type of multi-industry company that consists of several different and unrelated business entities that operate in various industries. A conglomerate usually has a parent company that owns and controls many subsidiaries , which are legally independent but financially and strategically ...
Qualcomm’s CFO and COO Akash Palkhiwala recently told me he’s interested in M&A that will help accelerate the tech company’s diversification strategy. From evaluating potential targets to ...
Unlike other strategies that build upon existing strengths, diversification requires venturing into uncharted territory, where the organization may have little or no prior experience. It is considered the riskiest strategy because it requires both product and market development. Introducing any product into a new market involves a lot of research.
Richard Drew/APIn celebration of Halloween last fall, Hershey President and CEO J.P. Bilbrey rings the New York Stock Exchange opening bell. If mashed together on a plate, beef jerky and chocolate ...
I'd need a business with the fortitude to stay relevant for decades. It should operate across many different fields and sectors, giving my single-ticker portfolio some semblance of diversification ...
This business strategy is known as diversification. However, diversification was only possible for the firms that had the technology to make that transition. For example, during the early 1920s, DuPont, an explosives manufacturing company, was able to successfully diversify its lines of production because it had the chemical technology to ...
A conglomerate is a combination of multiple business entities operating in entirely different industries under one corporate group, usually involving a parent company and many subsidiaries. Conglomerates are typically large and multinational corporations that manage diverse business operations across various sectors.