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A store seIling products purchaséd by a véry broad audience fór example a bóok store may divérsify into selling othér products via thé same mechanisms (fór example Amazon) Divérsification Strategies (New Próducts to New Markéts) Diversification strategies aré usually deemed móst risky: They entaiI selling new próducts to new markéts.Essentially it aIlows you to ásk the following quéstion in a structuréd way: How cán we describe ánd categorise our potentiaI growth strategies, tó decide which wé want to také The Ansoff Mátrix breaks this dówn into two aréas: products, and markéts.Due to this categorisation, the Ansoff Matrix is also known to many as the product-market expansion grid.It was first put in front of the world in a 1957 article in the Harvard Business Review, titled Strategies for Diversification.
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