Advantages and disadvantages of product diversification strategy. Understanding the advantages and disadvantages of unrelated and related diversification can help your business grow successfully. To diversify as a growth strategy. Diversification strategy is observed when new products are introduced in a completely new market by the company. Diversification strategy is not easy.

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Introduction Video - Advantages and disadvantages of product diversification strategy

What Is A Diversification Strategy?

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  • DIVERSIFICATION 1. Introduction Diversification refers to a strategic direction that takes companies into other products and/or markets by means of either internal or external development. There are basically two broad forms of diversification as listed below: Related diversification, occurs when a company develops beyond.

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