explore new markets

USAGE SUMMARY

The phrase "explore new markets" is correct and usable in written English.
You can use it when discussing business strategies, growth opportunities, or expansion plans in various industries. Example: "Our company aims to explore new markets in Asia to increase our global presence."

✓ Grammatically correct

News & Media

Formal & Business

Academia

Science

Wiki

Human-verified examples from authoritative sources

Exact Expressions

16 human-written examples

"This slowdown will force us to explore new markets," Mr. Soota said.

The New York Times

For many small businesses, e-commerce has allowed them to explore new markets and enabled significant growth.

The Guardian

These encouraging figures show that businesses are stepping up efforts to explore new markets outside the EU.

The Guardian - Business

Later, as you explore new markets and business models, frame it as an opportunity to inspire creativity and experimentation.

Harvard Business Review

You can't say, 'I was king, I have three sons, so I divide the kingdom in three pieces.' " Reichert has sought to explore new markets.

The New Yorker

After Congress enacted the Deficit Reduction Act of 2005, wiping $13 billion out of medical-imaging reimbursements virtually overnight, GE Healthcare had to explore new markets and offerings.

Harvard Business Review

Human-verified similar examples from authoritative sources

Similar Expressions

44 human-written examples

Such paths can influence investor dynamic capabilities to explore new market opportunities and reinforce future investment behavior in each subsector.

Utilities Policy

It is fine to explore new market areas like this, but spending months or years without figuring out the details is dangerous and wasteful.

Harvard Business Review

"The $4,000 is just icing on the cake," Ryan Rogowski, one of the founders of Waygo, said in an interview, noting that the company will likely use some of that capital to explore new marketing tactics and distribution channels.

The Washington Post

It is a central place where advertisers can "explore new marketing technologies".

TechCrunch

As a consequence of instability in the local environment and institutions, the principals who have highly concentrated ownership are reluctant to explore new market opportunities in an entrepreneurial fashion.

Frontiers of Business Research in China

Expert writing Tips

Best practice

When discussing a company's strategic goals, use "explore new markets" to convey the intent to research and potentially expand into new areas. It suggests a careful, considered approach before making significant investments.

Common error

Avoid using "exploit new markets" unless you specifically mean to unfairly or selfishly take advantage of a market. "Explore new markets" is the correct and ethical term for business expansion.

Linguistic Context

The phrase "explore new markets" functions as a verb phrase that typically appears as part of a broader sentence, indicating a strategic action taken by a business or organization. Ludwig AI confirms the phrase is suitable for use in written English.

Expression frequency: Common

Frequent in

News & Media

44%

Formal & Business

22%

Science

16%

Less common in

Academia

12%

Wiki

6%

Reference

0%

Ludwig's WRAP-UP

In summary, "explore new markets" is a grammatically sound and frequently used phrase that describes the act of investigating potential new areas for business expansion. As indicated by Ludwig AI, the phrase is perfectly valid and usable in various contexts. It commonly appears in business, news, and academic settings. When using the phrase, it's crucial to differentiate it from "exploit new markets" to maintain ethical and professional standards. Alternatives include "enter new markets" or "tap into new markets", depending on the intended nuance.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

enter new markets

Suggests a more definite action of beginning operations in new markets, implying a higher level of commitment than simply exploring.

tap into new markets

Implies accessing or leveraging existing resources or opportunities within new markets.

investigate new markets

Focuses on the research and analysis aspect of understanding new markets before making a commitment.

survey new markets

Emphasizes a broad overview and assessment of new markets to identify potential opportunities.

assess new markets

Highlights the evaluation and judgment of new markets based on specific criteria.

penetrate new markets

Suggests a strategic effort to gain a foothold and market share in new markets.

reach new markets

Focuses on expanding the audience or customer base into previously untouched areas.

access new markets

Implies gaining the ability to operate or sell products/services in new markets.

develop new markets

Suggests creating or cultivating new markets where they didn't previously exist.

scout new markets

Implies searching for and identifying promising new markets.

FAQs

What does "explore new markets" mean in a business context?

In a business context, "explore new markets" means to investigate and assess potential new areas or demographics for business expansion. It involves researching market conditions, consumer behavior, and competitive landscapes to determine if a new market is viable.

How can a company "explore new markets" effectively?

A company can "explore new markets" effectively by conducting thorough market research, analyzing the competitive environment, understanding local consumer needs, and adapting their products or services to meet those needs.

What are some alternatives to "explore new markets"?

Some alternatives to "explore new markets" include "enter new markets", "tap into new markets", or "investigate new markets", depending on the specific nuance you wish to convey.

What is the difference between "explore new markets" and "penetrate new markets"?

"Explore new markets" refers to the initial process of researching and assessing the viability of new markets. "Penetrate new markets", on the other hand, implies a more active and strategic effort to gain market share and establish a presence in a new market that has already been explored.