venture

Vocabulary Word

Definition

'Venture' can mean to take a risk and try something new or different, and it's often associated with a sense of adventure. For example, setting up a new business is a venture because it's a risky move.

Examples in Different Contexts

Social entrepreneurs launch 'ventures' aimed at solving societal problems, balancing profit-making with creating positive change.

Practice Scenarios

Business

Scenario:

The market landscape is shifting, and we need to be ready to step into new areas. That new product line could be our ticket in.

Response:

If we venture into the new market now, it could give us an early movers' advantage.

Tech

Scenario:

As our platform has grown, our users' needs have evolved too. Integrating AI could drastically enhance user experience.

Response:

Let's venture into integrating AI with our platform. It will aid us in staying ahead of our competition.