carve-out

Vocabulary Word

Definition

'Carve-out' usually refers to when a part of a bigger company is removed and made into a new separate company. It's like splitting an ice cream cake into pieces, each can stand as a separate dessert.

Examples in Different Contexts

In business, 'carve out' often means creating a unique market position. A business strategist might say, 'We need to carve out a niche in the eco-friendly product market.'

Practice Scenarios

Creative

Scenario:

Our design service spread is so assorted. Could honing focus on individual segments result in improved expertise?

Response:

I think if we carve out a focused UI/UX design branch, it could certainly improve our specialized capabilities.

Tech

Scenario:

Innovation seems stymied in our current structure. Might an organizational change fuel progress?

Response:

Absolutely, a carve-out of our AI division would allow for faster decision-making and innovation.