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- Here are some tips on how to diversify your business12:
- Ensure that the new offerings create value for the customer.
- Be an expert in the market that your company is expanding into.
- Build on your strengths as a company.
- Have the right people in place.
- Define your diversification strategy.
- Draw up a list of your company's core competencies.
- Look for industries to diversify into that are growing or have the potential to grow faster than your current industry.
- List your options.
- Make a strategic analysis to choose the best option.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Here are four tips for making it all happen.
- 1. Ensure that the new offerings create value for the customer. The best ways to diversify a company will always focus on providing the most value for the customer. ...
www.entrepreneur.com/growing-a-business/how-t…How to Diversify a Company's Portfolio of Businesses
- 1. Define your diversification strategy. ...
- 2. Draw up a list of your company's core competencies. ...
smallbusiness.chron.com/diversify-companys-portf… 4 Rules for Diversifying Your Business - Harvard …
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