leverage

Vocabulary Word

Definition

When you hear 'leverage', think about 'using something to maximum advantage.' It traditionally refers to the effect of using borrowed funds to magnify potential gains or losses.

Examples in Different Contexts

In tech, companies often leverage data analytics to improve their products. A product manager could remark, 'By leveraging user feedback, we enhanced the app's user experience.'

Practice Scenarios

Creative

Scenario:

We have a vibrant and unique brand identity, but we need to raise our marketing game.

Response:

I agree. We should certainly leverage our unique brand identity to make our marketing campaigns more impactful.

Business

Scenario:

The current soft real estate market provides an opportunity to make a strategic investment.

Response:

Correct. We can leverage the soft market conditions to acquire properties at favorable prices.