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Lu Guanqiu founded Wanxiang Group as an auto parts manufacturer and has diversified into sectors such as solar power development and real estate.
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Most investment in Australia was in mining and gas, but paralleling a global trend it is diversifying into sectors like agriculture and real estate.
During apartheid, SAB was forced to abandon its ambitions to expand overseas and instead diversified into other sectors such as food and furniture.
After Camillo's son, Adriano, took charge in the 1930s, Olivetti expanded internationally and diversified into new product sectors, including electronics and computing.
But Microsoft has diversified into other tech sectors.
Lenovo has already diversified into fast-growing sectors such as smartphone and tablets.
Firms such as Ferrovial and Acciona have been diversifying into other sectors and markets overseas.
Hall's initial plan was to get a foothold in the UK market and, with the company diversifying into different sectors with new products, this focus appeared to be the right one.
But he argued the impact of the Holden and Ford closures would be spread more broadly and that local component makers needed to have a domestic income stream to underpin their operations while diversifying into other sectors and building export markets.
If true, the theory would have important implications for world trade; it would suggest that commodity-focused economies must diversify into other sectors or risk falling ever further behind richer countries.A new paper* by the International Monetary Fund discusses the PSH.
It takes an enormous amount of willpower to respond to an evolving market by cannibalising your own product; few executives have been able to manage it.Another option is for a big company to use its cash or shares to diversify into other sectors, but history suggests this approach has only a limited chance of success.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com