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Published: Wednesday January 25, 2012 6:00 am EDT
Inflexion Point
noun
realm: General
A moment of dramatic change that alters the way we think and act, especially in the development of a company, industry, or market.
Foundations
An Inflexion Point can be considered a turning point after which a dramatic change, with either positive or negative results, is expected to result.
Companies, industries, sectors and economies are dynamic and constantly evolving.
Inflexion points are more significant than the small day-to-day progress that is made and the effects of the change are often well-known and widespread.
Examples
The fall of the Berlin Wall was an inflection point in global politics and the commercialization of the Internet.
The ocean liner business that failed to realize that they were in the transportation business. They were replaced almost overnight by the Boeing 707 which transformed trans-ocean travel.
Courier companies came to this point with the delivery of letters and packages via bar codes.
They recognized that they don’t deliver items, they are in the business of managing information
about the delivery of items.