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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 ...
Diversity, in a business context, is hiring and promoting employees from a variety of different backgrounds and identities.Those characteristics may include various legally protected groups, such as people of different religions or races, or backgrounds that are not legally protected, such as people from different social classes or educational levels.
Their message was not to promote diversity because it is a legal mandate but because it is good for business. From then on, researchers started to test a number of hypotheses on the business benefits of diversity and diversity management, known as the business case of diversity.
A diversified portfolio helps to reduce risk and may lead to a higher return. Investments that move in opposite directions from one another will add the greatest diversification benefits to your ...
Non-incremental diversification is a strategy followed by conglomerates, where the individual business lines have little to do with one another, yet the company is attaining diversification from exogenous risk factors to stabilize and provide opportunity for active management of diverse resources.
Not sure if your investment portfolio is diversified enough? Here are six tips to help you change that.
[1] Thus, diversity marketing is the process in which companies study the market they are in or about to enter by different means (e.g. surveys, focus groups or in some cases telecommunication). Diversity marketing is helping business owners and operators at all levels to connect with society through communication channels that best reach them ...
Economic diversity or economic diversification refers to variations in the economic status or the use of a broad range of economic activities in a region or country. [1] Diversification is used as a strategy to encourage positive economic growth and development. [ 2 ]