diversify
di
daɪ
dai
ver
ˈvɜr
vēr
si
fy
ˌfaɪ
fai
British pronunciation
/da‌ɪvˈɜːsɪfˌa‌ɪ/

Definition & Meaning of "diversify"in English

to diversify
01

(of a business) to increase the range of goods and services in order to reduce risk of failure

Intransitive: to diversify into a field of activity
to diversify definition and meaning
example
Examples
The technology company decided to diversify into the healthcare sector.
The clothing retailer plans to diversify into the home decor market.
02

to change something in order to add variety to it

Transitive: to diversify sth
to diversify definition and meaning
example
Examples
The university is working to diversify its faculty to create a more inclusive academic environment.
The artist seeks to diversify their artistic style by exploring various techniques.
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