industry-disruption

Vocabulary Word

Definition

'Industry-disruption' is when a new product, technology or method changes an industry hugely. For example, online shopping disrupted the retail industry.

Examples in Different Contexts

For technology innovation, 'industry disruption' is the process where new technologies make old ways obsolete. A tech entrepreneur might remark, 'Our startup's goal is to lead industry disruption by replacing traditional methods with our cutting-edge solutions.'

Practice Scenarios

Impact

Scenario:

The impact of sustainable technologies on traditional industries can't be overlooked. We have seen significant progress in renewable energies over the last decade.

Response:

Absolutely, and the potential for industry disruption in sustainable technologies will only increase as we face greater environmental challenges.

Business

Scenario:

We've seen how startups have revolutionized different industries over the past decade. In our strategy planning, how do we adapt and thrive such transformations?

Response:

Certainly, anticipating industry disruption is key to remain competitive. We need to continuously innovate and adapt to significant changes.