It was a chilly winter morning in 1965 when John, the CEO of XYZ Inc., a leading manufacturer of home appliances, sat in his office, staring at the company's stagnant sales growth. Despite its strong brand reputation and market share, the company had been struggling to expand its revenue streams.
John decided to invest in research and development to create innovative products that would appeal to their existing customer base. ansoff 1965 corporate strategy pdf
However, John was aware that diversification required significant resources and posed a higher risk of failure. He decided to prioritize the other three strategies and monitor their progress before considering diversification. It was a chilly winter morning in 1965