Space is a contextual noun used to partially describe the abstract competitive set of the subject or subjects. The members of the space will almost always be Companies who supply services to customers. The important attributes of that particular space are defined by context and the adjectives applied to it.
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This sentence states that Company A was an important supplier of services in the chosen field. A company can be important in a Space, and yet unimportant in others.
Here an adjective is used to describe this space. Slow is pejorative, and temporal.
But the business context is that either:
By using just the 'one' term the speaker can ascribe meaning to the Space itself or to its many constituent members. In fact, henceforth the term Space should be taken to mean both the Space itself or its constituent members unless specifically mentioned.
The term allows the speaker to be selectively specific about some properties of the Space or its members. But whatever is not mentioned is left as undefined. This allows actions within the Space to occur without having to know how they will occur. A new Company can 'enter' the space by offering a new service to customers. The new service does not have to be specified. This is useful in a fast moving Technology market. The new service may not have been invented yet, or the customers may not yet know they need it.
The term Space became very popular during the Dot-com boom. It was widely adopted due to its ability to describe certain details of companies, markets, products and services. The remaining details were impossible to determine.
The word Space became synonymous as a Buzzword. Due to the ambiguity involved the term became favoured by peddlers of Snake oil. A peddler could use the term 'Space' and sound like they were describing facts. In reality they were describing attributes so general that they would have matched any group of companies.
A Space can have one or more attributes. These attributes can be grouped themselves. When grouped, they can either define the range of attributes, or they can define the scope of the attributes.
There are two main ways of describing the size of a space. By defining the size of a space in a certain way, there are certain implications about the other way.
The size of a space can be measured in terms of the number of Companies who supply similar services.
A large number of Companies in a space implies:
A large amount of companies is defined in terms of the number of customers. Generally, a large amount is over 10 companies.
A small number companies in a space implies:
This is closely linked to the Number of Customers. In a 'Space' it is presumed that any member of the space could potentially win all the customers.
A large number of customers in a space implies
A small number customers in a space implies:
Any adjective can be used alter the contextual meaning of a Space. Please see the examples.