Examlex
IBM's breakthrough development in voice recognition system did not generate much income until this system was deployed and adapted to such markets as Singapore, Hong Kong, Taiwan, China, and Korea through its subsidiaries there. This is an example of ____.
Divisional Design
refers to an organizational structure where operations are segregated based on product lines, markets, or geographic regions, allowing for more focused management and resources allocation.
Diversification Strategy
A business approach where a company expands its operations by entering into new markets or product lines, aiming to reduce overall risk.
Core Products
Core products are the essential products or services offered by a company that define its primary business activities and value proposition.
New Products
Innovations or improvements in goods and services that companies introduce to the market, aiming to fulfill consumer needs or open new markets.
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