Diversification is a corporate strategy to enter into a new market or industry in which the business doesn't currently operate, while also creating a new product for that new market this is.
These diversification strategy pros and cons show that when properly implemented, a fairly consistent return can be achieved here are the key points to consider the pros of a. Strategy analysis of lg published in: education 0 comments 9 likes statistics notes tv crt tv lcd tv home theatre s mp3 players & speake rs market penetration product development.
Leveraging this diversification requires a high level of organizational capability, which lg is known to have so diversification may be a competitive advantage for lg due to their strength.
Innovation, diversification and customization of product with high quality and affordable prices it is hard for companies to survive in such competitive market and keep their customer. Check out our top free essays on lg diversification strategy to help you write your own essay.
At the same time the company also focused on diversification of its export structure in international sales the late 1980s lg had adopted a new strategy focusing on quality of product and.