What is the meaning of diversify?
transitive verb. 1 : to make diverse or composed of unlike elements : give variety to diversify a course of study. 2 : to balance (an investment portfolio) defensively by dividing funds among securities (see security sense 3) of different industries or of different classes diversify your investments.
What is the best diversification strategy?
The best way to diversify your portfolio is to invest in four different types of mutual funds: growth and income, growth, aggressive growth and international. These categories also correspond to their cap size (or how big the companies within that fund are).
How can I diversify my money?
To achieve a diversified portfolio, look for asset classes that have low or negative correlations so that if one moves down the other tends to counteract it. ETFs and mutual funds are easy ways to select asset classes that will diversify your portfolio but one must be aware of hidden costs and trading commissions.
How do you explain diversification?
Diversification is a risk management strategy that mixes a wide variety of investments within a portfolio. A diversified portfolio contains a mix of distinct asset types and investment vehicles in an attempt at limiting exposure to any single asset or risk.
What are the three types of diversification?
There are three types of diversification: concentric, horizontal, and conglomerate.
- Concentric diversification.
- Horizontal diversification.
- Conglomerate diversification (or lateral diversification)
Why do companies diversify?
Diversification allows for more variety and options for products and services. If done correctly, diversification provides a tremendous boost to brand image and company profitability. Diversification can be used as a defense. By diversifying products or services, a company can protect itself from competing companies.
What is another word for diversification?
What is another word for diversification?
| branching out | broadening |
|---|---|
| assortment | change |
| diverseness | heterogeneity |
| heterogeneousness | multifariousness |
| variegation | miscellaneousness |
Is diversified a word?
1a : composed of distinct or unlike elements or qualities a diversified [=diverse] student body cities with more diversified economies No other North American raptor … occupies a range so diversified in character, both as to climate and terrain.
Is Diverseness a word?
The quality of being made of many different elements, forms, kinds, or individuals: diversification, diversity, heterogeneity, heterogeneousness, miscellaneousness, multifariousness, multiformity, multiplicity, variegation, variety, variousness.
What is the opposite of diversification?
Wealth – serious wealth – is most often created from a single successful investment. Just ask Bill Gates about Microsoft. The all-eggs-in-one-basket approach is the opposite of diversification.
What does non diverse mean?
Legal Definition of nondiverse : having the same citizenship as another party in a lawsuit a nondiverse defendant — compare diverse.
What is a word for not diverse?
EXAMPLE SENTENCES FROM THE WEB Undiversified, un-div-er′si-fīd, adj. not diversified or varied.
What is another word for cultural diversity?
What is another word for cultural diversity?
| multiculturalism | pluralism |
|---|---|
| diversity | cross-culturalism |
| ethnic inclusiveness | ethnic mosaic |
| multiracialism |
How is multiculturalism defined?
“Multiculturalism” is the co-existence of diverse cultures, where culture includes racial, religious, or cultural groups and is manifested in customary behaviours, cultural assumptions and values, patterns of thinking, and communicative styles.
What is the best synonym for diversity?
diversity
- assortment,
- diverseness,
- heterogeneity,
- heterogeneousness,
- manifoldness,
- miscellaneousness,
- multifariousness,
- multiplicity,
What is a multicultural person?
In contrast, others define multicultural individuals by their ability to function effectively in more than one culture, such as knowing multiple languages or having “multicultural minds,” meaning they can think in ways that reflect multiple cultures.
What are examples of multiculturalism?
Multiculturalism is the practice of giving equal attention to many different backgrounds in a particular setting. An example of multiculturalism is an honors classroom with students from several different countries and who speak different languages.
What are the benefits of being multicultural?
Inhabitants can learn much tolerance on other ethnicities as well as customs. In addition, living in a multicultural society setting may offer an individual the opportunity to enlarge one’s cognitive thinking and also one can gain knowledge of foreign languages.
What are some multicultural skills?
Skills of a multicultural mentor
- Sensitivity to one’s own and other cultures.
- Cultural awareness and curiosity.
- Cultural empathy.
- Multilingual skills.
- Contextual understanding and sensitivity.
- Semantic awareness.
- Ability to switch among cultural frames of reference and communication mode.
What are cultural competence skills?
Cultural competence is the ability to understand, communicate with and effectively interact with people across cultures. Cultural competence encompasses: being aware of one’s own world view. developing positive attitudes towards cultural differences.
What is multicultural knowledge?
Multicultural Awareness involves a greater understanding, sensitivity, and appreciation of the history, values, experiences, and lifestyles of groups that include, but, are not limited to: Race. Ethnicity. Gender.
What kinds of knowledge are important for cultural literacy?
The Roots of Cultural Literacy He used the term to imply that just as literate people are fluent in reading and writing, culturally literate people should be fluent in their cultural heritages, histories, literature, art, politics and the like.
How do I become socially literate?
Here are some ways in which you can create a more inclusive classroom and support social skill development in your students:
- Model manners.
- Assign classroom jobs.
- Role-play social situations.
- Pen-pals.
- Large and small group activities.
- Big buddies.
- Class stories.
- Class meeting.
How can we know if someone is culturally literate?
A literate reader knows the object-language’s alphabet, grammar, and a sufficient set of vocabulary; a culturally literate person knows a given culture’s signs and symbols, including its language, particular dialectic, stories, entertainment, idioms, idiosyncrasies, and so on.
How do you become culturally literate?
So here are seven things you can do to promote cultural literacy and awareness in your business.
- Get training for global citizenship.
- Bridge the culture gap with good communication skills.
- Practice good manners.
- Celebrate traditional holidays, festivals, and food.
- Observe and listen to foreign customers and colleagues.
What is cultural knowledge?
“Cultural knowledge” means that you know about some cultural characteristics, history, values, beliefs, and behaviors of another ethnic or cultural group. “Cultural awareness” is the next stage of understanding other groups — being open to the idea of changing cultural attitudes.
How do I become more culturally competent?
Fortunately, say Helms and other experts, there are plenty of ways to get that training and experience on your own:
- Learn about yourself.
- Learn about different cultures.
- Interact with diverse groups.
- Attend diversity-focused conferences.
- Lobby your department.
What is the connection between literacy and culture?
Hirsch (1983) developed the term “cultural literacy” because people can’t learn reading, writing, and other communication as skills separate from the culturally assumed knowledge that shapes what people communicate about. For example, the meaning of many words is culture-specific.