business-scaling

Vocabulary Word

Definition

In business terms, 'business-scaling' is about growing or expanding your company. But it's not just about getting bigger, it's about growing smartly while ensuring quality doesn't suffer.

Examples in Different Contexts

In growth strategy, 'business scaling' means expanding a business's capacity and reach without compromising on quality or performance. A business strategist might state, 'Our scaling strategy is focused on automating processes and expanding into new markets to support sustainable growth.'

Practice Scenarios

Technology

Scenario:

Our new app had an excellent takeup. Following this, there's the opportunity to launch a subscription-based service to monetize it better.

Response:

You're right. Let's start business scaling by launching a subscription service to increase our revenue.

Consulting

Scenario:

We're seeing a lot of new business opportunities. It's essential to have a strategic plan for controlled growth without sacrificing service quality.

Response:

We must scale our business carefully, working to maintain our reputation for excellence while serving more clients.