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Meaning of “hypercompetition” in the English Dictionary

"hypercompetition" in Business English

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hypercompetitionnoun [U]

uk   us   /ˌhaɪpəkɒmpəˈtɪʃən/
ECONOMICS a ​situation of extreme ​competition, where ​companies must ​tryevenharder than usual to have better ​products, ​sell more, etc.: The telecom ​company is preparing for another ​year of “hyper-competition”, ​focusing not only on ​adding new ​subscribers but also on ​creating new ​services for existing ​users.
Hypercompetitive ​environmentsrequirebusinesses to ​stayflexible, ​innovative and ​creative.
(Definition of hypercompetition from the Cambridge Business English Dictionary © Cambridge University Press)
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“hypercompetition” in Business English

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