An "inflection point" refers to a moment in a process where a significant change occurs, often leading to a new direction or trend. In mathematics, it is a point on a curve where the curvature changes, indicating a shift in the behavior of the function. This concept can also apply to various fields, such as business, where it signifies a critical moment that can alter a company's trajectory. In the context of business, an inflection point might occur when a company introduces a groundbreaking product or faces a major market shift. Recognizing these moments is crucial for decision-making, as they can lead to opportunities for growth or the need for strategic adjustments.