Definition of diversification noun from the Oxford Advanced Learner's Dictionary

      

    diversification

     noun
    noun
    BrE BrE//daɪˌvɜːsɪfɪˈkeɪʃn//
     
    ; NAmE NAmE//daɪˌvɜːrsɪfɪˈkeɪʃn//
     
    [uncountable]
     
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  1. 1diversification (into something) (especially in business) the act of developing a wider range of products, interests, skills, etc. in order to be more successful or reduce risk the company's diversification into health care products
  2. 2the process of changing so that there is greater variety the evolutionary diversification of flowering plants