Difference between revisions of "Disruptive innovation"
(Created page with "Disruptive innovation (or disruption) is innovations in products or processes that radically change existing markets including an industry's rules of t...") |
|||
| Line 1: | Line 1: | ||
[[Disruptive innovation]] (or [[disruption]]) is [[innovation]]s in [[product]]s or [[process]]es that radically change existing [[market]]s including an industry's rules of the game. | [[Disruptive innovation]] (or [[disruption]]) is [[innovation]]s in [[product]]s or [[process]]es that radically change existing [[market]]s including an industry's rules of the game. | ||
| − | An innovation or technology is disruptive when it "disrupts" an existing market by doing things such as: challenging the prices in the market, displacing an old technology, or changing the market audience. “An innovation that helps create a new market and value network, and eventually goes on to disrupt an existing market and value network (over a few years or decades), displacing an earlier technology. The term is used in business and technology literature to describe innovations that improve a product or service in ways that the market does not expect, typically first by designing for a different set of consumers in the new market and later by lowering prices in the existing market.” (Source: Wikipedia) The term ‘disruptive technologies’ was coined by Clayton M. Christensen and articulated in his book The Innovator’s Dilemma. The term ‘disruption’ is now often used by startups to describe any product or idea that may change existing markets or products (planned or unplanned). However to be used correctly it should link to | + | An innovation or technology is disruptive when it "disrupts" an existing market by doing things such as: challenging the prices in the market, displacing an old technology, or changing the market audience. “An innovation that helps create a new market and value network, and eventually goes on to disrupt an existing market and value network (over a few years or decades), displacing an earlier technology. The term is used in business and technology literature to describe innovations that improve a product or service in ways that the market does not expect, typically first by designing for a different set of consumers in the new market and later by lowering prices in the existing market.” (Source: Wikipedia) The term ‘disruptive technologies’ was coined by Clayton M. Christensen and articulated in his book The Innovator’s Dilemma. The term ‘disruption’ is now often used by startups to describe any product or idea that may change existing markets or products (planned or unplanned). However to be used correctly it should link to Christensen's original theory. The confusion is best explained here. An example is the disruption Wikipedia caused to the Encyclopedia market. |
| + | |||
| + | ==Related coursework== | ||
| + | *[[Enterprise Architecture Quarter]]. | ||
| + | |||
| + | [[Category: Septem Artes Administrativi]][[Category: Articles]] | ||
Revision as of 14:15, 4 December 2018
Disruptive innovation (or disruption) is innovations in products or processes that radically change existing markets including an industry's rules of the game.
An innovation or technology is disruptive when it "disrupts" an existing market by doing things such as: challenging the prices in the market, displacing an old technology, or changing the market audience. “An innovation that helps create a new market and value network, and eventually goes on to disrupt an existing market and value network (over a few years or decades), displacing an earlier technology. The term is used in business and technology literature to describe innovations that improve a product or service in ways that the market does not expect, typically first by designing for a different set of consumers in the new market and later by lowering prices in the existing market.” (Source: Wikipedia) The term ‘disruptive technologies’ was coined by Clayton M. Christensen and articulated in his book The Innovator’s Dilemma. The term ‘disruption’ is now often used by startups to describe any product or idea that may change existing markets or products (planned or unplanned). However to be used correctly it should link to Christensen's original theory. The confusion is best explained here. An example is the disruption Wikipedia caused to the Encyclopedia market.
