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"this would involve gaining an understanding of the enterprise's process"

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In plain English: "Among other things, you need to learn how this works." :) To involve = "To contain as a part; include." So, 'This would involve' would translate to something like 'Part of what is required...' The latter sounds a bit awkward, so you'd just say: "Among other things, ..." To gain an understanding = to learn

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