Homonym: Reinvent (Reimagine)
To "reinvent" means to change something significantly, often by improving or transforming it into a new version. This process can apply to various areas, including products, ideas, or even personal identity. Reinvention often involves creativity and innovation, allowing individuals or organizations to adapt to new circumstances or challenges.
In business, companies like Apple and Netflix have successfully reinvented themselves to stay relevant in a rapidly changing market. By embracing new technologies and shifting consumer preferences, they have transformed their offerings and business models, demonstrating the importance of reinvention for long-term success.