niche

Vocabulary Word

Definition

'Niche' is a term you would use to define an area or topic that is shapely focused on special interests, activities, or characteristics. It’s like a specialty in a broad field.

Examples in Different Contexts

In social entrepreneurship, a 'niche' could be addressing unique social issues. A consultant might highlight, 'Our niche is providing affordable housing solutions in rural areas.'

Practice Scenarios

Impact

Scenario:

Our non-profit should make a bigger difference. Are there particular areas of need we can address more effectively?

Response:

Yes, we should explore niche needs within the community, so our impact can be maximized and tangible.

Tech

Scenario:

We need to assess our product's unique selling proposition. Can we serve a certain user group more effectively?

Response:

Identifying a niche user group and tailoring our product to meet their specific needs could enhance our market position.