Paradigm shift

A significant change in the way people think about or approach a particular concept or phenomenon. In business, it often refers to a fundamental transformation in the way an industry operates, or in the underlying assumptions and values that guide business decision-making. A paradigm shift can be driven by technological innovation, changes in consumer behavior, shifts in market dynamics, or other external factors. It requires companies to adapt their strategies, processes, and structures to stay competitive and relevant in a new environment, and can result in both opportunities and challenges.

In business coaching, a paradigm shift could involve encouraging clients to shift from a traditional hierarchical management style to a more collaborative and team-based approach. This may require redefining roles and responsibilities, breaking down silos between departments, and fostering a culture of open communication and shared decision-making. The resulting shift in mindset can lead to improved employee engagement, greater innovation, and better business outcomes.

Paradigm shift DEFINITION:

1.A fundamental change in the way people think or approach a particular problem or situation. 2.A significant transformation in an industry or field that creates new opportunities and disrupts existing practices.

Paradigm shift QUOTE:

1.A paradigm shift is like upgrading from a flip phone to an iPhone - suddenly everything makes more sense.2.Paradigm shift: when your boss starts talking about 'synergy' and 'disrupting the market' instead of just saying 'let's make more money'.