Paradigm shift and steel industry...

                                Paradigm shift and steel industry A Paradigm Shift is when a significant change happens – usually from one fundamental view to a different view. In most cases, some type of major discontinuity occurs as well.        In laymen terms, Paradigm Shift is a popular, or perhaps, not so popular shift or transformation of the way we ‘Humans’ perceive events, people, environment, and life altogether. It can be a national or international shift, and could have dramatic effects — whether positive or negative — on the way we live our lives today and in the future. Paradigm shift is a basic theory. It is a conceptual framework within which scientific theories are constructed. It is notion of a major change in a certain existing pattern. It is a radical change in personal beliefs, complex systems and organizations replacing the former way of thinking with a radically different way of thinking. During paradigm shift one conceptual view point of the world changes to another conceptual view point. It is a revolution, a transformation and a sort of metamorphosis. A paradigm shift is visible when a significant change had happened usually from one fundamental view to another fundamental thinking. In simple language paradigm shift is a significant popular or unpopular change, shift or transformation of the way human being perceive life, environment, events, working methods and implements from an earlier way to a new way. The shift has dramatic effect whether positive or negative on the way the life as it is lived today. In this shift, today’s dominant viewpoint is changed to another viewpoint. Paradigm shifts normally bring irreversible changes. The transformation in paradigm shift can be gradual or sudden but ultimately it changes the way of thinking or way of doing things. Thomas Kuhn fathered,...