Risk Management And Competition Idioms
| Idiom | Definition | Example Sentence |
|---|---|---|
| Dog-eat-dog world (n) | A highly competitive environment. | In the dog-eat-dog world of tech startups, only the most innovative and adaptable survive. |
| Cutthroat business (n) | Intense and ruthless competition. | The fashion industry is a cutthroat business, with designers constantly vying for market share. |
| Stiff competition (n) | Strong or intense competition. | Our company is facing stiff competition from several foreign rivals. |
| Saturated market (n) | A market that is already full of products or services. | The smartphone market is saturated, making it difficult for new entrants to gain a foothold. |
| Zero-sum game (n) | A situation where one person’s gain is another person’s loss. | The battle for market share in the airline industry is a zero-sum game; one company’s growth often comes at the expense of another. |
| Neck and neck race (n) | A close competition. | The two leading candidates for the CEO position are in a neck-and-neck race. |
| Race against time (n) | A competition with a strict deadline. | The construction company is in a race against time to complete the project before the deadline. |
| Clear field (n) | A situation with little or no competition. | With no major competitors, the company had a clear field to dominate the market. |
| Free for all (n) | A situation with little or no regulation or control. | The new market was a free for all, with companies rushing to enter and establish themselves. |
| Race to the bottom (n) | A competition among companies to offer the lowest prices or wages. | The global textile industry is often characterized by a race to the bottom in terms of labor costs. |
| Hedging your bets (v) | Taking actions to minimize potential losses. | To hedge our bets, we’re investing in a diversified portfolio of stocks and bonds. |
| Cover all your bases (v) | Take precautions to avoid negative consequences. | We’re covering all our bases by developing a contingency plan in case of a supply chain disruption. |
| Play it safe (v) | Avoid risky or uncertain actions. | Rather than taking a risky gamble, we’re playing it safe and focusing on steady growth. |
| Keep your options open (v) | Avoiding commitment to a single course of action. | By keeping our options open, we can adapt to changing market conditions. |
| A safe bet (n) | A highly probable outcome. | Investing in technology stocks is a safe bet for long-term growth. |
| High-stakes game (n) | A situation with significant risks and potential rewards. | Entering the emerging market of electric vehicles is a high-stakes game. |
| Roll the dice (v) | To take a risk. | We’re rolling the dice on this new product launch, hoping it will be a hit. |
| Play devil’s advocate (v) | To argue against a point of view in order to test its validity. | Let’s play devil’s advocate and consider the potential risks of this investment. |
| Tighten your belt (v) | To reduce spending and expenses. | In response to the economic downturn, we’re tightening our belts and cutting costs. |
| Play it cool (v) | Remaining calm and collected under pressure. | During the crisis, the CEO played it cool and reassured employees that the company would weather the storm. |