diversification

noun3

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.” — 2024
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.