An irreversible shift from the prevailing paradigm to a new paradigm that operates by a different framework of thought, set of beliefs, theories, concepts, practices, values, assumptions and agreements that drive behavior and produces results. For example when the shift from earth to the sun as the center of solar system transformed the way people related to their place in the universe. In business and investing, a new paradigm is a new way of doing things that have a huge effect on business. New technology completely changes the way people think about or interact with something.
1. The state of producing. 2. The state of creating desirable or useful results.