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Diversifying: meaning, definitions and examples

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diversifying

 

[daɪˈvɜːrsɪfaɪɪŋ ]

Definition

Context #1 | Verb

business

To diversify means to make a variety of different things or to become more varied. In business, diversifying often refers to expanding a company's products or services into new markets or industries.

Synonyms

broaden, expand, extend, vary.

Which Synonym Should You Choose?

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Word Description / Examples
diversifying

Used mostly in business, finance, and investments. It implies spreading out assets or options to reduce risk.

  • The company is diversifying its portfolio to include real estate
  • Investors are advised to focus on diversifying their investments
expand

General use for growing in size, volume, or scope. Often used in business context to signify growth or development.

  • The company plans to expand its operations into Europe
  • The balloon expands when you blow air into it
vary

Used when discussing making changes to ensure variety or differences. Can imply slight or more significant changes.

  • It's important to vary your workout routine to target different muscle groups
  • The results vary from one experiment to another
broaden

Commonly used when talking about increasing knowledge, experiences, or perspectives.

  • Traveling helps to broaden your horizons
  • The course aims to broaden students' understanding of global issues
extend

Used when talking about lengthening time, space, or hospitality, often suggesting making something longer or more inclusive.

  • We need to extend the deadline for the project
  • They extended an invitation to us for dinner

Examples of usage

  • The company is diversifying its product line to attract new customers.
  • She believes diversifying her investments will help reduce risk.

Interesting Facts

Business

  • Companies often diversify by offering new products to attract different customers and reduce risk.
  • Diversifying can help businesses survive economic downturns by not relying on just one source of income.
  • Famous business figures like Warren Buffett built their fortunes by diversifying their investments across different industries.

Economics

  • In economics, diversification is seen as a strategy to lower risks in investment portfolios and stabilize returns.
  • The concept plays a crucial role in modern portfolio theory, which suggests spreading investments across various assets.

Ecology

  • Biodiversity, or the variety of life in an ecosystem, is essential for resilience against environmental changes.
  • Different species in a habitat can reduce competition for resources, promoting a healthier ecosystem.

Culture

  • Cultural diversification brings together different traditions and perspectives, enriching communities and promoting understanding.
  • Events like cultural festivals showcase the benefits of diversity through food, art, and music.

Education

  • In education, diversifying teaching methods can help meet the varied needs of students, improving learning outcomes.
  • Schools that embrace a diverse curriculum often prepare students better for a globalized world.

Translations

Translations of the word "diversifying" in other languages:

🇵🇹 diversificando

🇮🇳 विविधीकरण

🇩🇪 diversifizieren

🇮🇩 mendiversifikasi

🇺🇦 диверсифікація

🇵🇱 dywersyfikacja

🇯🇵 多様化する

🇫🇷 diversifier

🇪🇸 diversificando

🇹🇷 çeşitlendirme

🇰🇷 다양화하다

🇸🇦 تنويع

🇨🇿 diverzifikace

🇸🇰 diverzifikácia

🇨🇳 多样化

🇸🇮 diverzifikacija

🇮🇸 fjölbreytni

🇰🇿 әртараптандыру

🇬🇪 დივერსიფიკაცია

🇦🇿 şaxələndirmə

🇲🇽 diversificación

Word Frequency Rank

Positioned at #24,520, this word is part of extensive vocabulary. It's relatively rare in general usage but may be important in specific fields or formal writing.