noun the act of consuming or using something for one's own benefit, often resulting in the depletion or destruction of the original source
Economists use the concept of cannibalization to analyze the impact of new products or services on existing ones in terms of market dynamics and competition.
In marketing, cannibalization refers to the negative impact of a new product or service on the sales of existing products within the same company.
Retailers use the term cannibalization to describe the phenomenon where a new store or location reduces the sales of an existing store in the same chain.
Cannibalization can also be used in business strategy to describe the situation where a company's new product or service eats into the market share of its own existing products.
In product development, cannibalization can occur when a new product competes with or replaces an older product from the same company.
In the publishing industry, cannibalization refers to the fear that releasing a new book by an author may cannibalize sales of their previous books.
In psychology, cannibalization can refer to a phenomenon where a new therapy or treatment option may cannibalize the effectiveness or demand for existing therapies.
In marketing, cannibalization is the concept of a new product or service taking away sales or market share from an existing product or service within the same company.
In business analysis, cannibalization can refer to the impact of introducing a new product on the sales of existing products within the same company.
In economics, cannibalization can refer to the effect of a new business or industry on the sales or profitability of existing businesses or industries.
In retail, cannibalization is the concern that opening a new store in a certain location may cannibalize sales from existing stores in the same area.
In product management, cannibalization is the consideration of how launching a new product may impact the sales of existing products in the company's portfolio.