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.
what are the major advantage and disadvantage of concentric diversification?
concentric diversification
concentric
Concentric diversification occurs when a firm adds related products or markets. The goal of such diversification is to achieve strategic fit. Strategic fit allows an organization to achieve synergy. In essence, synergy is the ability of two or more parts of an organization to achieve greater total effectiveness together than would be experienced if the efforts of the independent parts were summed. Conglomerate diversification occurs when a firm diversifies into areas that are unrelated to its current line of business. Synergy may result through the application of management expertise or financial resources, but the primary purpose of conglomerate diversification is improved profitability of the acquiring firm. Little, if any, concern is given to achieving marketing or production synergy with conglomerate diversification.
Concentric diversification occurs when a firm adds related products or markets. The goal of such diversification is to achieve strategic fit. Strategic fit allows an organization to achieve synergy. In essence, synergy is the ability of two or more parts of an organization to achieve greater total effectiveness together than would be experienced if the efforts of the independent parts were summed. Conglomerate diversification occurs when a firm diversifies into areas that are unrelated to its current line of business. Synergy may result through the application of management expertise or financial resources, but the primary purpose of conglomerate diversification is improved profitability of the acquiring firm. Little, if any, concern is given to achieving marketing or production synergy with conglomerate diversification.
Concentric
Concentric diversification is a growth strategy where a company expands its product offerings by introducing new products that are related to its existing lines. This approach leverages the company's core competencies and market knowledge to create synergies, enhance customer value, and reduce risks. For example, a technology firm that produces smartphones may diversify into tablets, thus maintaining a focus on electronics while broadening its product range. This strategy aims to capture more market share and improve overall profitability by appealing to existing customers with complementary products.
What is concentric castle like
Concentric swage is used for small bore piping while concentric reducer is used for large bore piping. Zach
The use of concentric circles is most commonly used on a target. Concentric circles are placed around a target in which each concentric circle has the same center.
Different diversification rates for two clades of animals.
A concentric castle (or multiple castle) is a castle within a castle