Owner of Sugar Factory Started Producing Paper and Wine from Wastage which he use to throw First. With main product Sugar
Related diversification
Foot Locker Vision Statement: "Global diversification is a vital component of the Company's strategic positioning. This diversification is unique in the athletic footwear and apparel industry and provides many distinct advantages."
Foot Locker Vision Statement:"Global diversification is a vital component of the Company's strategic positioning. This diversification is unique in the athletic footwear and apparel industry and provides many distinct advantages."
Foot Locker Vision Statement:"Global diversification is a vital component of the Company's strategic positioning. This diversification is unique in the athletic footwear and apparel industry and provides many distinct advantages."
market development, market penetration, product development, diversification
Related diversification occurs when a company expands its existing products or markets.
Hell to the prof
Procter & Gamble
Procter & Gamble
moving from what you were offering to a total new product, for example,if you were manufacturing clothes and then you move to food industries is a good example of unrelated diversification.
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Related diversification
concentric diversification Type of diversification where a firm acquires or develops new products or services (closely related to its core business or technology) to enter one or more new markets.
Hell to the prof
It is a diversification of traits within a species. An example of this is ladybugs with different numbers of spots.
Unrelated diversification means moving from what you were offering to a total new product. This is like if you were offering clothes through a cloth industry, then moving onto the food industry.
Yes, Motorola employs related diversification by expanding its product offerings within the telecommunications and electronics sectors. The company has historically developed complementary products, such as mobile devices, communication infrastructure, and accessories, that align with its core competencies. This strategy allows Motorola to leverage its brand and technological expertise across related markets, enhancing overall competitiveness.