growth-planning

Vocabulary Word

Definition

Growth-planning is the strategic process of outlining how a business, project, or idea will increase and develop over time. It's like designing a grand blueprint for growth and success.

Examples in Different Contexts

In human resources, 'growth planning' refers to planning for team expansion and development to support a company's growth. An HR manager might emphasize, 'Our growth planning includes talent acquisition and leadership development programs.'

Practice Scenarios

Academics

Scenario:

With burgeoning demand for virtual learning, it's an opportune time to expand online course offerings. What are your thoughts?

Response:

Accounting for this growing demand in our growth-planning, launching vocational online courses would be a beneficial step for both students and our institution.

Business

Scenario:

The company has a solid foundation and loyal customers. How do you propose we capitalize on this to drive growth?

Response:

For growth-planning, we should tap into international markets while also focusing on enhancing customer experiences to drive loyalty and recommendations.