Page 1 of 2 1 2 LastLast
Results 1 to 10 of 12
    • Member Info
      • Native Language:
      • Russian
      • Home Country:
      • Ukraine
      • Current Location:
      • Ukraine

    • Join Date: Dec 2011
    • Posts: 263
    #1

    ...leverages the company's prior knowledge.

    Hello!

    Here is an expert view about planning for expansion of one start-up.

    The Expert View
    There's no doubt that the knowledge and experience acquired by a company in its initial location is a key asset for international expasion. However, internationalization can also provide learning opportunities for a company, through exposure to new cultures, ideas etc. This experience can be used to create new expertise that complements and leverages the company's prior knowledge. Therefore the two basic dimensions defining multinational expansion should be both the effort to earn income from the diffusion and transfer of current knowledge, as well as the possibility of generating new knowledge to produce future income.

    Would you be so kind as to explain me what is the meaning of the word 'leverage'? What does it stand for?

    Thank you!

  1. bhaisahab's Avatar
    • Member Info
      • Native Language:
      • British English
      • Home Country:
      • England
      • Current Location:
      • Ireland

    • Join Date: Apr 2008
    • Posts: 25,624
    #2

    Re: ...leverages the company's prior knowledge.

    It's business "English". To me it means nothing, it's an artificial verb created from the noun "leverage". Have a look here: http://www.onelook.com/?w=leveraged&...e_ac_leveraged
    “Every miserable fool who has nothing at all of which he can be proud, adopts as a last resource pride in the nation to which he belongs; he is ready and happy to defend all its faults and follies tooth and nail, thus reimbursing himself for his own inferiority.”

    — Arthur Schopenhauer

    • Member Info
      • Native Language:
      • British English
      • Home Country:
      • UK
      • Current Location:
      • Laos

    • Join Date: Nov 2002
    • Posts: 57,888
    #3

    Re: ...leverages the company's prior knowledge.

    I'd interpret it as using (something) to maximum advantage:

    http://www.oxforddictionaries.com/us...glish/leverage (Verb definition 2)

    • Member Info
      • Native Language:
      • American English
      • Home Country:
      • United States
      • Current Location:
      • United States

    • Join Date: Apr 2009
    • Posts: 12,310
    #4

    Re: ...leverages the company's prior knowledge.

    You use a lever to multiply force. Same idea. If you leverage your company's knowledge, you take advantage of that knowledge. Yes, it's horrible business jargon.

    • Member Info
      • Native Language:
      • British English
      • Home Country:
      • UK
      • Current Location:
      • Laos

    • Join Date: Nov 2002
    • Posts: 57,888
    #5

    Re: ...leverages the company's prior knowledge.

    Quote Originally Posted by SoothingDave View Post
    Yes, it's horrible business jargon.
    As opposed to the other kind.

    • Member Info
      • Native Language:
      • Russian
      • Home Country:
      • Ukraine
      • Current Location:
      • Ukraine

    • Join Date: Dec 2011
    • Posts: 263
    #6

    Re: ...leverages the company's prior knowledge.

    Sometimes such texts on business drive me crazy (sorry! ) because it is hard to get their exact meaning.

  2. bhaisahab's Avatar
    • Member Info
      • Native Language:
      • British English
      • Home Country:
      • England
      • Current Location:
      • Ireland

    • Join Date: Apr 2008
    • Posts: 25,624
    #7

    Re: ...leverages the company's prior knowledge.

    It would have been much clearer to everyone written like this: "...and uses the company's prior knowledge to advantage". Only six extra letters.
    “Every miserable fool who has nothing at all of which he can be proud, adopts as a last resource pride in the nation to which he belongs; he is ready and happy to defend all its faults and follies tooth and nail, thus reimbursing himself for his own inferiority.”

    — Arthur Schopenhauer

    • Member Info
      • Native Language:
      • British English
      • Home Country:
      • UK
      • Current Location:
      • Laos

    • Join Date: Nov 2002
    • Posts: 57,888
    #8

    Re: ...leverages the company's prior knowledge.

    Quote Originally Posted by Ksenia View Post
    Sometimes such texts on business drive me crazy
    You're not the only one. They have this effect on many people.

  3. MikeNewYork's Avatar
    • Member Info
      • Native Language:
      • American English
      • Home Country:
      • United States
      • Current Location:
      • United States

    • Join Date: Nov 2002
    • Posts: 24,983
    #9

    Re: ...leverages the company's prior knowledge.

    When I was in business school, the verb "leverage" was used often. I got used to it. It is not so bad.

  4. bhaisahab's Avatar
    • Member Info
      • Native Language:
      • British English
      • Home Country:
      • England
      • Current Location:
      • Ireland

    • Join Date: Apr 2008
    • Posts: 25,624
    #10

    Re: ...leverages the company's prior knowledge.

    In my opinion it is horrible.
    “Every miserable fool who has nothing at all of which he can be proud, adopts as a last resource pride in the nation to which he belongs; he is ready and happy to defend all its faults and follies tooth and nail, thus reimbursing himself for his own inferiority.”

    — Arthur Schopenhauer

Page 1 of 2 1 2 LastLast

Similar Threads

  1. priori knowledge vs experienced knowledge
    By keannu in forum Ask a Teacher
    Replies: 4
    Last Post: 29-Sep-2014, 20:38
  2. Prior to joining this company...?
    By Tedwonny in forum Ask a Teacher
    Replies: 1
    Last Post: 21-Feb-2013, 13:55
  3. [General] meaning of leverages off
    By 3786.asif in forum Ask a Teacher
    Replies: 1
    Last Post: 22-Oct-2010, 08:40
  4. [Vocabulary] your company / company's growth / company's success
    By uktous in forum Ask a Teacher
    Replies: 4
    Last Post: 19-Mar-2010, 17:03
  5. Cotext and the prior knowledge (PK) of the reader.
    By M56 in forum General Language Discussions
    Replies: 1
    Last Post: 24-Sep-2005, 09:52

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •