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What Do We Mean by Development?

Words like development and growth are widely used in business and other professions. If you’re the leader of a company or one of its shareholders, you want it to develop. As an employee, you want to work at a place where your career can develop over time.

When people refer to a company growing or developing, they are generally talking about an increase in revenue, profits, stock price, personnel, markets, lines of business, office locations, or subsidiaries—increases in the “size” of the business. When individuals talk about the growth or development of their career, they generally mean an increase in their seniority, their scope of responsibility, their authority, their compensation—increases in the “size” ...

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