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The Concept of Diversification Diversification is a strategy that involves a company spreading its investments across various markets, products, industries, or geographic regions. By doing so, a business can reduce risk, as poor performance in one area may be offset by stronger performance in another. Additionally, diversification can be a route through which a company…
The Importance of Diversification Business diversification is a strategy that has long been lauded for reducing risk and laying the groundwork for sustainable, long-term growth. By not putting all their eggs in one basket, companies can protect themselves from market fluctuations, sector-specific downturns, and unforeseen challenges that could otherwise threaten the survival of a single-product…