Definition, Meaning & Synonyms
aggressive expansion
noun
/əˈɡrɛsɪv ɪkˈspænʃən/
Definition
A strategy employed by a company or organization to quickly increase its market share and presence, often through rapid growth initiatives such as mergers, acquisitions, and significant marketing efforts.
Examples
- The tech company implemented an aggressive expansion strategy, acquiring smaller firms to enhance its product offerings.
- During the economic boom, many businesses engaged in aggressive expansion to capitalize on consumer demand.
- His aggressive expansion plan included opening five new locations within the next year.
Meaning
Aggressive expansion refers to an assertive approach taken by a business to broaden its scope and reach, usually with the aim of outperforming competitors and capturing larger segments of the market.
Synonyms
- Rapid growth
- Market penetration
- Expansionism
- Business growth