hoard

Vocabulary Word

Definition

'Hoard' means to accumulate and hide or store away, usually with reluctance to use or share. Like someone storing way more supplies than needed for a project.

Examples in Different Contexts

In sustainability efforts, 'hoarding' can be discouraged to promote mindful consumption. An environmental activist might suggest, 'By reducing our hoarding habits, we can decrease unnecessary waste.'

Practice Scenarios

Tech

Scenario:

Data is a crucial component of our tech strategy but we need to also consider data privacy concerns.

Response:

While we do need to hoard data, we should ensure we are abiding by all data protection regulations.

Business

Scenario:

In the current economy, business strategy involves not just profits but also strategic resource management.

Response:

If we hoard too much raw material, it will disadvantage other businesses, potentially causing a ripple effect in the industry.