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What does diversify mean?

Looking for the meaning or definition of the word diversify? Here's what it means.

Verb
  1. (transitive) To make diverse or various in form or quality; to give variety to distinguish by numerous differences or aspects.
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Examples
Now the company's second act depends on how fast Micromarketing can diversify its client base.
We knew in the early 1990s that we needed to diversify and branched out into a lot of different areas.
If you diversify into activity where you have no competitive advantage you are just tilting at windmills.
We need a much larger scheme for retraining and re-educating people if they are to diversify effectively.
Williams, a one-time gas pipeline company, had shrewdly used its rights of way to diversify into telecommunications.
Several speakers cried, and some angrily scorned Plan 2008's strategy, arguing there should be more concrete plans to diversify.

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