industry disruption JUST WRITTEN FOR YOU
/ɪndʌstri ˌdɪsˈrʌpʃən/ · in.dus.try.dis.rup.shun
noun
- A significant change or innovation that affects an entire industry, often caused by technological advancements, new business models, or shifting consumer behavior. The rise of e-commerce has been a major industry disruption in the retail sector.
noun
- A company or product that challenges the existing market leaders and forces them to adapt or innovate in response. Netflix was a major industry disruption in the entertainment industry, changing the way people consume movies and TV shows.
noun
- A process or event that significantly alters the competitive landscape of an industry, often leading to the emergence of new players or the decline of existing ones. The COVID-19 pandemic has caused a major industry disruption in the travel and tourism industry.
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Did you know? The term 'industry disruption' was popularized by Clayton Christensen's 1997 book 'The Innovator's Dilemma', which explored the concept of disruptive innovation and its impact on industries.