100 Biz Terms: Innovation, Tech and Product Development

Enhance your vocabulary with 100 Business Terms. Perfect your pronunciation and grammar with speaking practice by taking Business English classes. Start with a free consultation.

Unit 7: Vocabulary

  1. Proprietary (adjective) – Relating to an owner or ownership; protected by trademark or patent.
  2. Obsolescence (noun) – The process of becoming obsolete or out of date and no longer used.
  3. Disruptive (adjective) – Innovative technology or product that creates a new market and displaces established market leaders.
  4. Iterate (verb) – To perform repeatedly; to make continuous small improvements to a product or process.
  5. Prototype (noun) – A preliminary model of something, especially a vehicle or machine, from which other forms are developed.
  6. Paradigm (noun) – A typical pattern or model of something; an accepted framework or viewpoint.
  7. Synergistic (adjective) – Relating to the interaction of two or more organizations/substances to produce a combined effect.
  8. Ecosystem (noun) – A complex network or interconnected system of products, services, or companies.
  9. Integration (noun) – The action or process of combining two systems into an integral whole.
  10. Scalability (noun) – The capacity to be changed in size or scale to accommodate growth.

Speaking Prompts

  1. Why is protecting proprietary technology essential for maintaining a competitive advantage?
  2. How do technology companies manage planned obsolescence in hardware products?
  3. What is an example of a disruptive business model that fundamentally altered an industry?
  4. How often does your team iterate on product designs based on direct user feedback?
  5. What are the key stages between building an initial prototype and mass manufacturing?
  6. How has remote work caused a paradigm shift in corporate workplace culture?
  7. How can two merging companies create synergistic benefits in research and development?
  8. What are the main benefits for customers who stay within Apple’s hardware and software ecosystem?
  9. What technical challenges typically arise during the integration of legacy systems with cloud platforms?
  10. How do you assess software architecture for long-term scalability?

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