Synonyms for

Diversification

Verb / daɪˌvɜ:sʌfʌˈkeɪʃʌn / / dɪˌvɜ:sʌfʌˈkeɪʃʌn / Another word for diversification — explore alternatives below. For syllable breakdowns and pronunciation, see this word on Syllablesworld.

Definition

Diversification is the process of adding variety to something, like a company's products or an investor's portfolio, to reduce risk.

Synonyms & similar words

variegation variation assortment range mix blend mixture array heterogeneity multifariousness multiplicity plurality diversity difference disparity contrast discrepancy distinction variety divergence disunion

Synonyms by register

Formal

variation heterogeneity pluralism multiplicity

Informal

spreading out variety mix range

Literary

kaleidoscope mosaic

Antonyms

specialization concentration focus monoculture uniformity homogeneity

Common collocations

  • strategic diversification
  • portfolio diversification
  • business diversification
  • economic diversification
  • diversification strategy
  • diversification of risk
  • diversification of income

Word family

noun diversification
verb diversify
adjective diverse
adverb diversely

Usage note

Primarily used in business, finance, and biology to describe the act of spreading resources or efforts across different areas. Avoid using it for simple variety in everyday contexts; 'variety' or 'range' might be more appropriate.

Example sentences

  1. The farmer practiced diversification by growing different crops each season.
  2. The investor's diversification strategy included buying stocks in several different industries.
  3. The chef added diversification to the menu by including vegetarian and gluten-free options.
  4. Diversification can help reduce risk in a financial portfolio.
  5. The company's diversification into new markets helped it grow and succeed.

Quotes

  • Diversification is a protection against ignorance. It makes very little sense for those who know what they're doing. - Warren Buffett
  • Diversification may preserve wealth, but concentration builds wealth. - Warren Buffett
  • The best way to manage risk is to diversify your portfolio. - Suze Orman

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