Meaning of “advancement” in the English Dictionary

"advancement" in Business English

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uk /ədˈvɑːnsmənt/ us

[ C or U ] an improvement relating to a particular activity or area of knowledge:

The President's speech to the conference centered on the advancement of alternative fuel sources as a means of ensuring our future survival.
advancements in sth Nowadays, merger and acquisition transactions occur at a faster pace, due in part to advancements in communications.

[ U ] WORKPLACE the process of improving your career, for example, by getting a more important position within an organization or by moving to another company for a better job:

In order to keep good employees, you need to provide them with possibilities for growth and advancement.
career/professional/personal advancement Taking time off work to have children should not be a barrier to career advancement.

(Definition of “advancement” from the Cambridge Business English Dictionary © Cambridge University Press)