obsolescence

Vocabulary Word

Definition

'Obsolescence' is when a product, service, or technology becomes outdated or no longer preferred because newer, better alternatives have appeared. Think of it like your old computer that can't run the latest software.

Examples in Different Contexts

In product management, mitigating 'obsolescence' is essential. A product manager might say, 'Strategizing against product obsolescence by innovating and adapting to market trends is critical to maintain relevance and competitive advantage in the evolving market.'

Practice Scenarios

Business

Scenario:

As our competitors launch new products, we need to keep advancing our features to stay ahead in the market.

Response:

Yes, I agree. To combat obsolescence, we need to keep updating our product line.

Creative

Scenario:

Trends keep changing in the fashion industry. Our designs need to be trendy and appealing to our customers.

Response:

Let's stay ahead of trends and avoid design obsolescence by employing snappy, modern aesthetics in our line.