What is Conglomerate Diversification? Definition and meaning

Conglomerate Diversification

Definition: Conglomerate Diversification is one of 4 possible diversification strategies, besides horizontal diversification, vertical diversification, and concentric diversification.
D is one of the 4 growth strategies of the Ansoff Matrix (besides market penetration, product development and market development).
In a CD strategy, a company has neither technological nor marketing synergy and this requires reaching new customer groups. Sometimes used by large companies seeking ways to balance a cyclical portfolio with a non-cyclical one.

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