An inflection point is a significant occurrence in the economy or society that changes the trajectory of a process or situation. Inflection points are more significant than the little incremental improvements that most firms achieve on a daily basis, and the changes’ implications are frequently well-known and broad.
When an inflection point is identified, it typically means that the impacted industry will need to make major changes to its operations in order to continue in business.
Both intentional and inadvertent inflection points (actions taken by a corporation or a competitor) are conceivable (those that occur by accident or from unforeseen events). Those who can adjust to changing trends and technology might benefit from inflection moments.
