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Abrasives Manufacturers Survive on Diversification

In 2014 when many abrasives manufacturers in China suffered from a tough period, iAbrasive analysts say that abrasives manufacturers are suggested to try diversified product structure.

From: iAbrasive.comDate: 2014-08-19 06:17:15Views: 261

In 2014 when many abrasives manufacturers in China suffered from a tough period, iAbrasive analysts say that when a certain product or a direction is not profitable, abrasives manufacturers are suggested to try diversified product structure.

Diversification refers to when companies are considering adjusting product structure, they should transform to various brands and brands. Among abrasives manufacturers, there are companies who fine tuning product structure or management direction, which actually brings them some benefit. However, we should make it clear that if a company wants to arouse new point of growth, it has to make diversified adjustment to product structure, which can be done from the following two aspects: on one hand, with the development of economy, users demand for product is diverse. A single product pattern of a company can no longer meet market demand. Only diversified brands and products are likely to arouse new point of growth; on the other hand, not only can diversified brands reduce company risk, but it can also make full use of idle resources.

There are two things to be noticed when bringing point of growth by diversified management, first, the premise of multi brands is maintaining major brands sales volume, meanwhile multi brands strategy should avoid being too balanced to lose self advantage; second, the products had better be relevant to major products to make the best of existing advantages.

 

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