Something that has surpassed an expected level. For example, you can say that your profits are above your expectations, which shows that it has exceeded your predictions.
We each have our expectations on different things, which shows that standards differ from one person to another. You can refer to these standards as the bar of minimum expectation of something at a particular time. Therefore, if something is above, it has surpassed the bar and has not given a lower result than expected.
In business, all companies have standards for the quality of their services that they strive to meet. If a business wants to expand, the quality and quantity of its products should be top-notch. Above could also mean that a company is on top of a hierarchy of other related businesses competing for dominance. In this manner, we can say that a company has led in terms of profit, market, and growth is above its competitors in the ‘food chain.’
Above can be used in business to show that the statistics/numbers have surpassed the expected minimum level. A company that has performed above its expectations has grown at a higher-than-targeted rate. As long as a business performs above its expected set standard or target, we can say that it is above the bar. Above in business could also mean that you have the upper hand in some areas that other companies have tried to outdo you in.
Example of Above
A hypothetical example of the above is when you have a new startup that you launched with a limited amount of capital, but you still hoped that the business would give returns. The first year of operation came to an end, and you have to sum the financial year to find out if there are any profits or losses incurred. Let’s say your target for the first year was to gain 20% profit according to the current economics at that time. When you account for the financial year, you find out that the profit your business gained was 25%, this is more than what you expected it to return, and it is therefore above your expectations.
The minimum expected result was 20% profit, and it, therefore, acts as the standard or the bar set by your company. Anything that has surpassed the twenty percent set target is above the criteria. Any result that has not reached the 20% set standard is below the expectations. Therefore, the opposite of above is below, and it shows that your company didn’t achieve the expected result.
Another example is when your company has expanded very fast, and the business you run has brought more profits than you had speculated. Within five years, your company is the biggest in your territory, and all your competitors are now below yours. Above simply means that you are at the top of your expectations and predictions.
Significance of Above
When something is above, it shows that it is more than what you expected or is on top of what you predicted according to the set standard. Above is used to measure whether something meets expectations. There is no way around it; the measured subject is either on top of the expectations or below them. Above shows that it’s on top, while below shows that the measured outcome is under the expected result.
Above can refer to things that have performed better than the rest of the ones compared to it. In this way, you can also use the above to compare two things that have competed for dominance. The one that performed better is said to be above the other one, and it might be because of a better performance. Above is used to show that whatever you have measured has more value than the standard value.