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- Conglomerate diversification is a business growth strategy where a company:
- Expands into new industries or markets that are not directly related to its current business activities12.
- Adds new products or services that are significantly unrelated and have no technological or commercial similarities3.
- Ventures into entirely new industries, often unrelated to the company’s original business2.
- Allows companies to expand across industries and appeal to a new consumer demographic4.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Conglomerate diversification is a business growth strategy where a company expands into new industries or markets that are not directly related to its current business activities. In other words, the company diversifies into businesses unrelated to its current core competencies and existing products or services.thestrategystory.com/blog/what-is-a-diversification …Conglomerate diversification is a corporate strategy where a company expands into areas that are distinct from its current operations, both in terms of products or services and market segments. This approach involves venturing into entirely new industries, often unrelated to the company’s original business.hmhub.in/5th-sem-strategic-management-notes/co…Conglomerate diversification involves adding new products or services that are significantly unrelated and with no technological or commercial similarities. For example, if a computer company decides to produce notebooks, the company is pursuing a conglomerate diversification strategy.corporatefinanceinstitute.com/resources/managem…Conglomerate diversification allows a company to launch a service or product that's completely new to the company and has no relation to its current market. A company may often do this by acquiring a company in an unrelated market. This strategy can allow companies to expand across industries and appeal to a new consumer demographic.www.indeed.com/career-advice/career-developme… - People also ask
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