Diversifying Meaning: Definition, Examples, and Translations
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diversifying
[daɪˈvɜːrsɪfaɪɪŋ ]
Definition
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?
| Word | Description / Examples |
|---|---|
| diversifying |
Used mostly in business, finance, and investments. It implies spreading out assets or options to reduce risk.
|
| expand |
General use for growing in size, volume, or scope. Often used in business context to signify growth or development.
|
| vary |
Used when discussing making changes to ensure variety or differences. Can imply slight or more significant changes.
|
| broaden |
Commonly used when talking about increasing knowledge, experiences, or perspectives.
|
| extend |
Used when talking about lengthening time, space, or hospitality, often suggesting making something longer or more inclusive.
|
Examples of usage
- The company is diversifying its product line to attract new customers.
- She believes diversifying her investments will help reduce risk.
Translations
To see the translation, please select a language from the options available.
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.
Origin of 'diversifying'
The word 'diversify' originated from the Latin word 'diversificare', which means 'to make diverse'. The concept of diversifying has been around for centuries, with the idea of spreading risk or resources across different areas. In the business context, diversifying became popular in the mid-20th century as companies sought to reduce dependence on a single product or market.
See also: diversely, diversification, diversified, diversify, diversity.