Is it wise for a firm to stick to what it knows best, or should it expand

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Is it wise for a firm to stick to what it knows best, or should it expand its market by moving into adjoining products or services?

How can it avoid losing its focus?

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Operations And Supply Chain Management For MBAs

ISBN: 9781119355328

6th Edition

Authors: Jack R. Meredith, Scott M. Shafer

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Question Posted: Jan 27, 2024 11:00 PM

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Is it wise for a firm to stick to what it knows best, or should it expand

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This is a great question and it relates to a common challenge that businesses face which is choosing between sticking to their core competence or expa...View the full answer

Operations And Supply Chain Management For MBAs

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