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Business strategy
Impact of business diversity on productivity.
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[QUOTE="Mikes smithen, post: 298502, member: 90053"] Truly speaking, diversity has a whole lot of benefits and advantage to a business productivity and in fact for a business to increase in productivity it must have to diversify first. Business diversification in my own understanding and perspective refers to a situation in which a business owner of business manager see the need to mount same business in a particular area in order to satisfy my needs and wants and to generate more profit as well. Basically the feature of business diversification is mostly for the purpose of satisfying moments than for the purpose of generating more profits. Business diversification is basically just like establishing a new business but in this case the business has already existed in another area. Business diversification can also be substituted for business widening out. It is also important that we understand the business diversification can be practiced wrongly. Yes, diversifying too early in business can bring a whole lot of negativity that is why it is expected for an individual to perform research in his or her business organisation before diversifying to increase productivity. [/QUOTE]
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