business importance

USAGE SUMMARY

The phrase "business importance" is correct and usable in written English.
It can be used when discussing the significance or relevance of a particular issue, decision, or strategy in a business context. Example: "Understanding the business importance of customer feedback can lead to improved products and services."

✓ Grammatically correct

Formal & Business

News & Media

Human-verified examples from authoritative sources

Exact Expressions

4 human-written examples

It is time for CEOs of big companies to recast this debate and recapture the intellectual and moral high ground from their critics.Large companies need to build social issues into strategy in a way which reflects their actual business importance.

The Economist

Hence, the business importance of the Forbes 400 listing.

Forbes

6. "If you're not advancing women you won't be a talent magnet for millennials," offered PwC CEO Bob Moritz on workplace diversity and the business importance of female talent.

Huffington Post

Recognizing the business importance of motion in the workplace, C-suite executives across the country are signing onto the CEO Pledge for Physical Activity--a national campaign calling on every CEO in America to recognize physical activity as an important driver of employee health and business performance.

HuffPost

Human-verified similar examples from authoritative sources

Similar Expressions

56 human-written examples

While the farm has played a central role in the curriculum – from GCSE rural science studies to lessons on running a business – the importance of teaching students how to eat and cook healthily cannot be underestimated.

The Guardian

But nine straightforward metrics—illustrated in this exhibit can provide useful insight into the attractiveness of the downstream business, the importance of forging strong customer relationships, and the power of the distribution channel.

Harvard Business Review

To the contrary, Andrew learned an enormous amount about starting a business, the importance of understanding markets, utility and power management technologies, and team building.

TechCrunch

To the contrary, Andrew learned an enormous amount about starting a business, the importance of understanding markets, utility and power management technologies, and team building.

TechCrunch

But as sport has developed into a global business, the importance of sports image rights as a marketing tool to promote and sell individual athletes and teams has grown into a huge industry.

BBC

Accordingly, their officials who went abroad and others who set out on any business of importance for the state received from the treasury a seal-ring in addition to their other necessary expenses.

University of Chicago

But they still go on to do serious business — the importance of which filmmakers like Feig don't think should be underestimated.

Los Angeles Times

Expert writing Tips

Best practice

When discussing the alignment of social issues with corporate goals, use "business importance" to emphasize the direct benefits to the company's performance and bottom line.

Common error

Avoid using "business importance" when a more specific term like "financial impact" or "strategic value" would provide a clearer understanding of the subject's relevance.

Linguistic Context

The phrase "business importance" serves as a noun phrase that identifies the significance or relevance of something within a business context. Ludwig AI examples show it used in relation to topics like workplace diversity, physical activity, and strategic decision-making.

Expression frequency: Uncommon

Frequent in

News & Media

50%

Formal & Business

50%

Science

0%

Less common in

Academia

0%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

In summary, "business importance" is a noun phrase used to convey the significance or relevance of a particular matter within a business context. As Ludwig AI indicates, the phrase is grammatically correct and finds common usage in formal business settings and news media, highlighting its applicability in professional communications. While several alternative phrases exist, choosing the most appropriate term depends on the specific nuance you aim to convey, such as "commercial significance" if you want to specifically underline the financial aspect of the element in question.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

commercial significance

Replaces "business" with "commercial", emphasizing the financial aspect.

strategic importance

Focuses on the role in achieving business goals and strategies.

economic impact

Highlights the financial effects and consequences for the business.

market relevance

Emphasizes the connection to the target market and customer needs.

corporate relevance

Replaces "business" with "corporate", indicating a wider organizational scope.

operational necessity

Highlights how essential the matter is to normal, ongoing business activity.

fiscal implications

Focuses specifically on the financial consequences and considerations.

organizational value

Highlights the contribution of the matter to the organization's overall worth.

critical factor

Indicates that the matter is an essential element for success.

business imperative

Highlights how essential something is for the success or survival of the business.

FAQs

How can I phrase "business importance" differently?

Alternatives include "commercial significance", "strategic importance", or "economic impact", depending on the specific aspect you want to emphasize.

In what context is "business importance" most appropriate?

The phrase is suitable when discussing the overall relevance and significance of a particular issue, decision, or strategy to a business's success and objectives.

What's the difference between "business importance" and "economic impact"?

"Business importance" refers to the general significance for a company, while "economic impact" specifically refers to the financial effects or consequences for the business.

How do you determine the "business importance" of something?

Assessing the "business importance" typically involves evaluating its potential impact on revenue, profitability, market share, competitive advantage, and alignment with strategic goals.