The statement "A company can pursue related diversification to enhance the competitive position of its core business" is true.
If an organization's core skills are quite specialized and feature few packages outdoors the center of commercial enterprise, then an organization ought to pursue a related diversification strategy. A corporation can pursue relative diversification to decorate the competitive position of its core commercial enterprise.
Related diversification takes place whilst a firm moves into a brand new enterprise that has vital similarities with the firm's present enterprise or industries.
One of the key benefits of associated diversification is the ability to proportion key sources across exclusive regions. Key resources and skills of the firm may be applied in a brand new region – probably giving the firm a competitive benefit relative to other companies that may not pose comparable assets.
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