|diverse / diversity / to diversify / diversification
‘Diverse’ means ‘varied’ – in other words, including very different things. If an organisation is diverse, it has many different kinds of people in it. So, Auckland, for instance, has a diverse population. Diversity can make a society more complex and more interesting! In nature, biodiversity means a place has many different species of plants and animals. If a company wants to include more different products or markets, it diversifies. For instance, Sony started off as a manufacturer of home electronics, but has diversified into several different areas, including gaming and movies. Diversification can make a company more stable. There’s a common saying: Don’t put all your eggs in one basket. However, it can also be risky if a company abandons its core business and moves into areas where it has little expertise or recognition. Enron, originally a gas producer, diversified into financial markets and broadband where important mistakes and fraud led to the downfall of the whole company.
Our class is very diverse with students from all over the world.
With its great diversity of unique birds and plants, New Zealand is an ideal place for groups of nature-lovers to visit.
Once a manufacturing company, Sony successfully diversified into a global entertainment giant.