INDUSTRYWIDE Meaning and
Definition
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The term "industrywide" refers to a concept or characteristic that encompasses or affects an entire industry. It pertains to a wide-ranging, all-encompassing, or comprehensive nature, which is applicable or relevant to an entire business sector or field. "Industrywide" denotes a scope that is not limited to a specific company, organization, or individual entity, but rather extends across the entire industry as a whole.
When something is described as industrywide, it signifies that it impacts or applies to all participants within a particular sector, regardless of size, location, or other differentiating factors. It may refer to policies, regulations, standards, practices, trends, or events that have a substantial influence or repercussion on the entire industry. For instance, if a new technology is adopted by all relevant companies within a sector, it can be considered an industrywide trend. Additionally, industrywide associations or organizations are those that represent the collective interests of all entities operating within a specific industry.
The term "industrywide" emphasizes the collective unity and interconnectedness that exists among various participants within a particular sector. It highlights the need for collaboration, coordination, and shared understanding in order to address challenges, drive progress, and achieve common goals on an industrywide scale. Understanding and addressing industrywide concerns often involve a comprehensive and holistic approach that takes into account the broader context in which the entities operate.
Common Misspellings for INDUSTRYWIDE
- industry-wide
- undustrywide
- jndustrywide
- kndustrywide
- ondustrywide
- 9ndustrywide
- 8ndustrywide
- ibdustrywide
- imdustrywide
- ijdustrywide
- ihdustrywide
- insustrywide
- inxustrywide
- incustrywide
- infustrywide
- inrustrywide
- ineustrywide
- indystrywide
- indhstrywide
- indjstrywide
Etymology of INDUSTRYWIDE
The word "industrywide" is a compound word composed of the prefix "industry-" and the word "wide".
The prefix "industry-" comes from the Latin word "industria", meaning "diligence" or "zeal". It entered English in the mid-16th century through Middle French, where it was derived from the Latin root.
The word "wide" comes from the Old English word "wid", meaning "extensive" or "broad". It has Germanic origins and can be traced back to the Proto-Germanic word "widuz".
When combined, "industrywide" refers to something that applies or affects the entire industry, encompassing all its participants or elements. The term originated in English and is used to describe the scope, reach, or impact of activities or decisions that pertain to an entire industry.
