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.

Diversifying is, above all, a risk-mitigation strategy. Whether you choose concentric diversification (i.e., adding similar products and services) or horizontal diversification (i.e., adding new ...

There are three types of diversification techniques: -- Concentric diversification involves adding similar products or services to the existing business. For example, when a computer company that ...

Their broader focus on horizontal diversification versus concentric diversification gives them a potential first-mover advantage in leveraging on new growth trends. This style of diversification ...

This strategy enables them to use existing resources, skills, and reputation to bring in more customers. Concentric diversification adds new products and/or services related to current products or ...

Drawing parallels to renowned investment entities like Aegis Capital and Sequoia Capital, Mohanty tells us how Dubai Investments’ innovative approach to concentric diversification has set it ...