Definition

To sprinkle variety into something like you're seasoning a bland corporate strategy, making it more palatable by adding different elements, perspectives, or investment types. In business and finance, it's the sacred principle of not putting all your eggs in one basket—whether that's hiring practices, product lines, or stock portfolios. The grown-up version of "mix it up a little."

Example Usage

The company decided to diversify its product line after realizing that making only beige widgets was both boring and risky.

Source: Common business terminology

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