IPA: //ˈpeɪsˌsɛtɪŋ//
KK: /ˈpeɪsˌsɛtɪŋ/
Describing something that sets a standard or example for others to follow, often in terms of speed or progress.
The company's pacesetting approach has inspired many other businesses to innovate.
Pacesetting → It is formed from "pace" (from Latin "passus", meaning step or pace) and "setting" (from Old English "settan", meaning to place or put). The word "pacesetting" refers to the act of establishing a standard or speed for others to follow, akin to setting the pace in a race.
Think of someone establishing a 'step' ('pace') for others to follow, which is what pacesetting means.