One of the most effective ways a business can grow and expand is by implementing concentric diversification, which focuses on adding products and services that are related to the main product or ...

The Corporate Finance Institute describes three approaches to product diversification: concentric, horizontal and conglomerate. The concentric approach adds similar lines to your current offerings.

Chinese telecommunications giant Huawei Technologies Co has established four new business units to ratchet up its diversification efforts, as its core smartphone and mobile carrier equipment ...