" The term, 'disruptive innovation' was popularized by the American academic Clayton Christensen and his collaborators."
Innovation that creates a new market or disrupts an existing market by providing a significantly different product or service.
Definition of Disruptive Innovation: An explanation of what disruptive innovation is, when it occurs, and how it differs from other types of innovation.
Understanding Market and Industry Trends: An awareness of market forces including economic, social, technological, and political trends.
Identifying the Problem or Opportunity Space: How to identify a problem space that requires innovative thinking.
Business Model Innovation: A review of different methods and theories of innovation in business models.
Disruptive Business Models: Examples of business models that have been disruptive and the ways in which they differ from traditional models.
Technology Innovation: An overview of new technological advancements, their implications, and how they apply to business innovation.
Creative Problem Solving: A review of techniques for creative problem-solving such as brainstorming, mind-mapping, and design thinking.
Redefining Value Proposition: An explanation of how the value proposition can be redefined in order to achieve disruptive innovation.
Fostering Entrepreneurship: The importance of promoting entrepreneurship within a business in order to achieve innovation.
Organizational Culture for Innovation: An understanding of how corporate culture impacts innovation within an organization.
Risk-taking for Innovation: The importance of taking risks in order to achieve disruptive innovation.
Measuring Success: The importance of setting metrics and measuring success in order to track progress and identify areas for improvement.
Low-End Disruption: It targets the overserved customer base of an existing product by offering a lower-priced solution that meets their simple needs.
New Market Disruption: It targets customers who are not currently being served by any product. It usually involves an entirely new product category and is often based on a new technology.
Efficiency Innovation: It improves the performance of existing products or processes to create a significant cost advantage. It targets the existing customer base of a product by offering better value at lower cost.
Business Model Innovation: It changes the way an industry works by introducing a new business model that is more efficient or effective. It can lead to significant cost savings, new revenue streams, and increased profitability.
Radical Innovation: It is a complete shift from the current state of an industry or product category. It often involves a new technology or product that is so innovative that it disrupts the entire market.
Incremental Innovation: It is a step-by-step improvement of a product or system. It involves small, continuous changes that improve the quality, functionality, or performance of the existing product.
Disruptive Design: It uses design thinking to create solutions that are optimized for customer needs and can lead to significant cost savings, new revenue streams, and increased profitability.
Open Innovation: It involves collaboration and partnerships with external stakeholders to generate new ideas and bring them to market quickly.
Blue Ocean Strategy: It involves creating uncontested market space by offering customers something entirely new and different.
Digital Innovation: It involves using digital technology to create new products, services, or business models that disrupt the traditional way of doing things.
"Beginning in 1995."
"The concept had been previously described in Richard N. Foster's book 'Innovation: The Attacker's Advantage' and in the paper Strategic Responses to Technological Threats."
"No, the first automobiles in the late 19th century were not a disruptive innovation."
"Early automobiles were expensive luxury items that did not disrupt the market for horse-drawn vehicles."
"The market for transportation essentially remained intact until the debut of the lower-priced Ford Model T in 1908."
"Disruptive innovations tend to be produced by outsiders and entrepreneurs in startups, rather than existing market-leading companies."
"The business environment of market leaders does not allow them to pursue disruptive innovations when they first arise because they are not profitable enough at first and because their development can take scarce resources away from sustaining innovations."
"Small teams are more likely to create disruptive innovations than large teams."
"A disruptive process can take longer to develop than by the conventional approach."
"The risk associated with it is higher than the other more incremental, architectural, or evolutionary forms of innovations."
"Once it is deployed in the market, it achieves a much faster penetration and higher degree of impact on the established markets."
"Yes, disruptive innovations can also be considered to disrupt complex systems, including economic and business-related aspects."
"Through identifying and analyzing systems for possible points of intervention, one can then design changes focused on disruptive interventions."