Glossary entry (derived from question below)
English term or phrase:
Disruptive innovation
English answer:
disruptive innovation
English term
Disruptive innovation
3 +4 | disruptive innovation | Yasutomo Kanazawa |
5 +3 | An innovation that greatly impacts existing system/tech in the market | Anthony Putra |
Easy to research on the internet | Helena Chavarria |
Dec 5, 2022 11:25: Helena Chavarria changed "Level" from "PRO" to "Non-PRO"
Dec 19, 2022 05:45: Yasutomo Kanazawa Created KOG entry
Non-PRO (3): Chris Says Bye, Yvonne Gallagher, Helena Chavarria
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Responses
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.
An innovation that greatly impacts existing system/tech in the market
Cryptocurrency claims to be a disruptive innovation in the financial sector.
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Mihaela C N Plamadeala
3 hrs
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Anastasia Kalantzi
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Oliver Simões
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Reference comments
Easy to research on the internet
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
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Chris Says Bye
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Thank you, Ice Scream :-)
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writeaway
5 hrs
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Many thanks, writeaway :-)
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Yvonne Gallagher
: Yes Helena! will write soon!
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Thank you, Yvonne. I hope everything is going well for you :-)
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Anastasia Kalantzi
1 day 7 hrs
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Thank you, Anastasia :-)
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