Glossary entry

English term or phrase:

Disruptive innovation

English answer:

disruptive innovation

Added to glossary by Yasutomo Kanazawa
Dec 5, 2022 04:21
1 yr ago
33 viewers *
English term

Disruptive innovation

Non-PRO English Tech/Engineering IT (Information Technology)
This term is very commonly used in any tech-related English text.
Change log

Dec 5, 2022 11:25: Helena Chavarria changed "Level" from "PRO" to "Non-PRO"

Dec 19, 2022 05:45: Yasutomo Kanazawa Created KOG entry

Votes to reclassify question as PRO/non-PRO:

Non-PRO (3): Chris Says Bye, Yvonne Gallagher, Helena Chavarria

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Responses

+4
1 hr
Selected

disruptive innovation

https://en.wikipedia.org/wiki/Disruptive_innovation

In business theory, disruptive innovation is innovation that creates a new market and value network or enters at the bottom of an existing market and eventually displaces established market-leading firms, products, and alliances.

https://hbr.org/2015/12/what-is-disruptive-innovation

Summary.
For the past 20 years, the theory of disruptive innovation has been enormously influential in business circles and a powerful tool for predicting which industry entrants will succeed. Unfortunately, the theory has also been widely misunderstood, and the “disruptive” label has been applied too carelessly anytime a market newcomer shakes up well-established


https://www.investopedia.com/terms/d/disruptive-innovation.a...

Disruptive innovation refers to the innovation that transforms expensive or highly sophisticated products or services—previously accessible to a high-end or more-skilled segment of consumers—to those that are more affordable and accessible to a broader population. This transformation disrupts the market by displacing long-standing, established competitors.
Peer comment(s):

agree Mihaela C N Plamadeala
4 hrs
agree Clauwolf
6 hrs
agree philgoddard
17 hrs
agree Yvonne Gallagher
1 day 11 hrs
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Selected automatically based on peer agreement."
+3
2 hrs

An innovation that greatly impacts existing system/tech in the market

A disruptive innovation may upset the old systems and ways of doing things in the sector or even cause a loss of customers & revenue for its predecessors.
Example sentence:

Cryptocurrency claims to be a disruptive innovation in the financial sector.

Peer comment(s):

agree Mihaela C N Plamadeala
3 hrs
agree Anastasia Kalantzi
5 hrs
agree Oliver Simões
7 hrs
Something went wrong...

Reference comments

5 hrs
Reference:

Easy to research on the internet

Disruptive innovation is the introduction of a product or service into an established industry that performs better and, generally, at a lower cost than existing offerings, thereby displacing the market leaders in that particular market space and transforming the industry.

The theory of disruptive innovation first appeared in the Harvard Business Review in 1995, with Harvard Business School professor Clayton Christensen coining the term in his research on the disk-drive industry and also in his 1997 book The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail.

Today, the term disruptive innovation is used broadly. It's often applied to any circumstance where a new technology ushers in significant business, industry or market changes and disrupts the status quo.

https://www.techtarget.com/searchcio/definition/disruptive-i...

https://en.wikipedia.org/wiki/Disruptive_innovation
Peer comments on this reference comment:

agree Chris Says Bye
5 hrs
Thank you, Ice Scream :-)
agree writeaway
5 hrs
Many thanks, writeaway :-)
agree Yvonne Gallagher : Yes Helena! will write soon!
10 hrs
Thank you, Yvonne. I hope everything is going well for you :-)
agree Anastasia Kalantzi
1 day 7 hrs
Thank you, Anastasia :-)
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