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- To establish a foothold means to gain a strong first position in a market, industry, etc. from which further progress can be made1. It can also refer to a tactical or strategic move in which a firm purposefully establishes a small position in a market2. For example, a company may establish a foothold in a new geographic area or introduce a new product2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.a strong first position in a market, industry, etc. from which further progress can be made: give sth a foothold (in sth) The merger gives the company a stronger presence in Asia and a foothold in the US. establish/gain/get a foothold (in sth) Our plan is to gain a foothold in the fastest-growing aerospace industry in the world.dictionary.cambridge.org/dictionary/english/footholdThe authors define a foothold as a tactical or strategic move in which a firm purposefully establishes a small position in a market — by branching out into an untapped geographic area, for example, or introducing a new product.www.strategy-business.com/article/re00177
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Foothold Definition and Mea…
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