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
Synonyms for diversification
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.
diversification of skills
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.
diversification of energy sources
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.
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.
