What is another word for diversification?

In this page you can discover 21 synonyms, antonyms, idiomatic expressions, and related words for diversification, like: diverseness, diversity, heterogeneity, variegation, heterogeneousness, multiformity, variety, variousness, job-creation, multifariousness and miscellaneousness.

What is a good synonym for diversity?

synonyms for diversity

  • diversification.
  • assortment.
  • dissimilarity.
  • distinction.
  • distinctiveness.
  • divergence.
  • diverseness.
  • heterogeneity.

What does diversification meaning?

noun. 1. the act or process of diversifying; state of being diversified. 2. the act or practice of manufacturing a variety of products, investing in a variety of securities, selling a variety of merchandise, etc., so that a failure in or an economic slump affecting one of them will not be disastrous.

What is diversification in business?

Diversification is a growth strategy that involves entering into a new market or industry – one that your business doesn’t currently operate in – while also creating a new product for that new market.

What does diversity mean in one word?

Definition of diversity 1 : the condition of having or being composed of differing elements : variety especially : the inclusion of people of different races (see race entry 1 sense 1a), cultures, etc.

What is the example of diversification?

Concentric diversification refers to the development of new products and services that are similar to the ones you already sell. For example, an orange juice brand releases a new “smooth” orange juice drink alongside it’s hero product, the orange juice “with bits”.

What is a diversified strategy?

Diversification strategy is applied when companies wish to grow. It is the practice of introducing a new product into your supply chain in order to increase profits. These products could be a new segment of the industry your company already occupies, known as business-level diversification.

How can a company diversify?

Companies may become diversified by entering into new businesses on its own by merging with another company or by acquiring a company operating in another field or service sector. Conglomerates are one common form of a diversified company. Diversified companies come with their own specific benefits and limitations.