development - definition in the Business English Dictionary - Cambridge Dictionaries Online

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development

noun
 
 
/dɪˈveləpmənt/
[U] growth or changes that make something become more advanced: The first year of the plan is primarily focused on organizational development. He was recruited to oversee international business development.
[U] the process of creating something such as a new product or service: software development The next stage in the development of this product line is a retail version.
[U] the process of producing a plan, idea, etc.: Motorola said it did not expect its policy, which has been in development since June, to affect its bottom line.
[C] a recent event which is the latest in a series of related events: Keeping up with new developments on the web is not easy. These beneficial economic developments have followed trade and investment liberalization.
[U] ECONOMICS the planned increase of a country’s industry and wealth: The EU has exercised leadership and argued for policies that support the expansion of trade, growth, and development. development projects
[U] HR improvement of a skill, ability, quality, etc.: An industry convention is a terrific venue for business skills training and professional development. They invested resources into employee training and development. individual/career/staff development
[C] ( also UK housing development, also US real estate development) PROPERTY a group of similar buildings built in an area by a particular developer: They recently bought a house in one of the town's new developments.
[U] PROPERTY the building of houses, stores, offices, etc. usually by a company to make a profit, usually on an area of land where there were none before: The land will be used for private development. He began his career at Goldman Sachs and moved on to real-estate development in the New York City area. commercial/industrial development
[C or U] NATURAL RESOURCES an area of land that is used for its natural resources, or the use of an area of land for its natural resources: Oil producers have focused their efforts on optimizing production from existing fields and investing more aggressively in new developments.
→  See also brand development , channel development , economic development , human resource development , management development , market development , new-product development , personal development , product development , property development , redevelopment , research and development , self-development , web development
(Definition of development from the Cambridge Business English Dictionary © Cambridge University Press)
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