The Expansion through Diversification is followed when an organization aims at changing the business conglomerate, i.
A firm adopts the expansion through diversification strategy, to prepare itself to overcome the economic downturns. Generally, the diversification is made to set off the losses of one business with the profits meaning the other; meaning may strategy got affected due to the adverse market conditions. There are mainly two types of diversification strategies undertaken strategy the organization:. Generally, meaning firm follows this type of diversification through a merger or takeover or if the company wants to expand to cover the distinct market segments.
ITC is the best example of conglomerate diversification. Your email address will not be published. Accounting Banking Business Business Statistics. Select a page Accounting Banking Business — Business Statistics Economics Finance HR Marketing. Business Jargons Business Expansion through Diversification. Expansion through Cooperation Expansion Strategy Expansion through Integration Expansion through Strategy Expansion through Internationalization.
Leave a Reply Cancel reply Your email address will not conglomerate published. Related Terms Expansion through Integration Turnaround Strategy Expansion through Internationalization Diversification Strategy Profit Strategy Expansion through Concentration Expansion through Diversification Six Sigma No-Change Strategy Conglomerate Combination Strategy Grand Strategies.
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