Diversify

/dɪˈvɜːrsɪfaɪ/

Meaning & Definition

verb

To make or become more diverse or varied.

The company plans to diversify its product line to attract a broader customer base.

To invest in a variety of assets in order to reduce risk.

Investors often choose to diversify their portfolios to minimize potential losses.

To add variety to something, typically in a systematic way.

The chef aimed to diversify the menu by incorporating dishes from different cultures.

To spread out or distribute various activities or investments.

Farmers are encouraged to diversify their crops to ensure better yields and economic stability.

From Latin 'diversificare', where 'diversus' means 'diverse' or 'varied'.

diversify your portfolio

To include a variety of investments in order to reduce risk.

diversifying income streams

Creating multiple sources of income to ensure financial stability.

diversification strategy

A business strategy that involves adding new products or services.

diverse

showing a great deal of variety; very different.

variety

the quality or state of being different or diverse; the absence of uniformity.

Mix it up

You need to mix it up by trying new things in your career.

Spread the love

Don't put all your eggs in one basket; spread the love by exploring various opportunities.