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

In business strategy, 'industry disruption' refers to a significant change brought about by innovative technologies or business models that fundamentally alter the market. A strategist might say, 'We aim to be the catalyst for industry disruption, introducing products that redefine market standards.'

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.

Tech

Scenario:

The way artificial intelligence and machine learning are advancing, it's impacting the technological landscape. It's an exciting time to be in tech!

Response:

Yes, emerging technologies are indeed an industry-disruption to watch. Our understanding and application of AI and machine learning need to be enhanced.