Time to Focus on Core Products Rather than Product Portfolio Expansion

According to a Bain & Company survey of the top Fortune 500 global manufacturing and product companies, it is three to five times more difficult for a company to remove a product than it is to add a new product to its product portfolio. Some expect their costs to quadruple as they add more products in terms of parts and services. And this trend is more likely to go up than down. The more the merrier is a natural way of thinking, but too many offerings will negatively affect profit levels.

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