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What Are Different Strategies of Diversifying into Unrelated Businesses? | #businesses

What Are Different Strategies of Diversifying into Unrelated Businesses?

What Are Different Strategies of Diversifying into Unrelated Businesses?

Diversification is a strategic move that involves expanding a company’s operations into new markets or industries. While related diversification focuses on synergies between existing and new businesses, unrelated diversification ventures into industries with little to no connection.