diversification

noun

Etymology: From Medieval Latin diversificatiō, from diversificātus, past participle of diversificō (“diversify”), from Latin diversus (“turned in different ways”) + faciō (“make, do”). By surface analysis, diverse + -ification.

1. The act, or the result, of diversifying.

   “In 2024, the campaigns are against video game consulting companies such as Sweet Baby for performing what some gamers believe is “forced diversification.””

2. A corporate strategy in which a company acquires or establishes a business other than that of its current product.
3. An investment strategy involving investing in a range of assets with differing features in order to reduce specific risk.