Meaning of “hold sb/sth back” in the English Dictionary

"hold sb/sth back" in Business English

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hold sb/sth back

phrasal verb with hold uk /həʊld/ us verb held, held

to prevent someone or something from changing, moving, or developing:

She hadn't got the promotion she wanted, and she accused her boss of holding her back.
What's holding back that company is a failure to consider the Internet as a market rather than as competition.

(Definition of “hold sb/sth back” from the Cambridge Business English Dictionary © Cambridge University Press)