Collectors evaluate the diversification predominantly positively, since Montblanc is long no longer a pure writing-instrument manufactory but a luxury brand. The writing-instrument industry hardly grows worldwide, which is why brand transfer to jewellery, leather goods and accessories financially secures the brand and opens up new target groups. Critically seen are above all cufflinks and tie pins, since Montblanc is no classic gentleman's outfitter like Dunhill. Brand transfers carry risks but also open opportunities, which is what entrepreneurial action is about.