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 social impact work, 'carve out' refers to focusing on a specific area of change. A nonprofit leader might say, 'We are carving out a role in addressing urban food insecurity.'

Practice Scenarios

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.

Marketing

Scenario:

Our target audience is becoming increasingly networked. How can we adapt to this growing digital pivot?

Response:

Good point. Let's carve out a specialized digital marketing team from our existing department to cater to this shift.