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  1. #1
    Ksenia is offline Member
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    ...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!

  2. #2
    bhaisahab's Avatar
    bhaisahab is offline Moderator
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    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

  3. #3
    Tdol is offline Editor, UsingEnglish.com
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    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)

  4. #4
    SoothingDave is offline VIP Member
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    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.

  5. #5
    Tdol is offline Editor, UsingEnglish.com
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    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.

  6. #6
    Ksenia is offline Member
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    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.

  7. #7
    bhaisahab's Avatar
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    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

  8. #8
    Tdol is offline Editor, UsingEnglish.com
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    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.

  9. #9
    MikeNewYork's Avatar
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    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.

  10. #10
    bhaisahab's Avatar
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    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

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