Definition, Meaning & Synonyms

expansion team

noun

/ɪkˈspænʃən tiːm/

Definition

A group of individuals established to explore and implement growth opportunities for a particular organization, often focusing on market development and increasing business reach.

Examples

The company created an expansion team to identify new demographics for their product line.
Our expansion team successfully established a presence in three new states this quarter.
The sports franchise’s expansion team will begin operations next year, aiming to capture new fans.

Meaning

An expansion team is responsible for the strategies and actions that lead to the growth of a business or entity by entering new markets or enhancing its product offerings.