Leveraging refers to the act of utilizing an existing resource or asset to its fullest potential, often to gain a significant advantage or achieve a desired outcome. It involves strategically employing something you already possess to amplify your effect, whether it be financial capital, intellectual property, relationships, or even time. It often signifies a proactive and resourceful approach to problem-solving and opportunity creation, focusing on maximizing impact with available resources, rather than solely on acquiring new ones. Successfully leveraging a resource typically results in improved efficiency, increased returns, or greater influence.
Leveraging meaning with examples
- 1. The company is leveraging its strong brand reputation to launch a new line of products, capitalizing on consumer trust and recognition. This allows them to reduce marketing spend, create quicker market entry, and potentially generate a higher return on investment.
- 2. A non-profit is leveraging social media platforms to raise awareness and solicit donations for their cause. They are using their online presence to connect with new audiences and broaden their scope.
- 3. The project manager is leveraging the expertise of her team members to complete the complex project efficiently. This enables the manager to get better outcomes and build a strong project team.
- 4. The entrepreneur is leveraging a small loan from the bank to expand his business operations, creating new growth potential by deploying more resources.
- 5. The politician is leveraging public opinion polls to frame their messaging and campaign strategies, responding directly to what voters want and improving their prospects for success.
Leveraging Synonyms
capitalizing employing exploiting harnessing implementing maximizing mobilizing utilizingLeveraging Antonyms
dissipating forfeiting ignoring neglecting underutilizing wastingLeveraging Crossword Answers
8 Letters
LEVERAGE