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diversification

[dɪˌvərsɪfɪˈkeɪʃən]

diversification Definition

  • 1the process of increasing the variety of products, services, or investments in a business or investment portfolio
  • 2the act of making something more diverse

Using diversification: Examples

Take a moment to familiarize yourself with how "diversification" can be used in various situations through the following examples!

  • Example

    The company's diversification strategy helped it weather the economic downturn.

  • Example

    Investors often seek diversification to reduce risk.

  • Example

    The diversification of crops has improved the sustainability of the farm.

  • Example

    The university is committed to diversification and inclusion.

diversification Synonyms and Antonyms

Antonyms for diversification

Phrases with diversification

  • diversification of investments

    the practice of investing in a variety of assets to reduce the risk of loss

    Example

    Diversification of investments is important for long-term financial stability.

  • the process of learning and developing a range of different abilities and competencies

    Example

    Diversification of skills can help individuals adapt to changing job markets.

  • the practice of using a variety of different energy sources to reduce dependence on any one source

    Example

    Diversification of energy sources is necessary for a sustainable energy future.

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Summary: diversification in Brief

Diversification [dɪˌvərsɪfɪˈkeɪʃən] refers to the process of increasing variety in a business or investment portfolio. It can help reduce risk and improve sustainability, as seen in 'The company's diversification strategy helped it weather the economic downturn.' Diversification can also refer to the act of making something more diverse, such as 'The university is committed to diversification and inclusion.' Phrases like 'diversification of investments' and 'diversification of skills' highlight the importance of variety in different contexts.