Examples of disruptive innovation in the following topics:
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- This type of technological opportunity is often referred to as a disruptive innovation.
- Disruptive innovations rapidly improve the overall performance (fulfillment of the user's needs) in a fraction of the time normally required to improve organically through efficiency.
- Netflix disrupted the movie and TV market through rapidly improving the experience in a short amount of time.
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- However, technological innovations like these must be able to be protected, or they will not last.
- Certain types of innovation are especially advantageous for start-ups.
- In his book, The Innovator's Dilemma, Christensen (1997) differentiates between "sustaining technologies" and "disruptive technologies".
- Disruptive technologies, on the other hand, which enable new applications for new customer segments, tend to be developed and marketed by start-ups.
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- Supporters counter these arguments by insisting that it's easy to dismiss unproductive or disruptive participants and that the more brains that are brought to the table for the purpose of making a decision the better the resolution.
- Increased human development and innovation (from the sharing of skills and experiences),
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- The rise of industrialization, globalization, and technological innovation has increased the importance of international trade, as well as its economic, social, and political effects on the countries involved.
- Labor, economic, and environmental activists succeeded in disrupting and closing the meetings due to their disapproval of corporate globalization.
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- In business and economics, innovation is the catalyst to growth.
- The more radical and revolutionary innovations tend to emerge from R&D, while more incremental innovations may emerge from practice—but there are many exceptions to each of these trends.
- Conversely, failure can develop in programs of innovations.
- Once innovation occurs, innovations may be spread from the innovator to other individuals and groups.
- Innovative companies will typically be working on new innovations that will eventually replace older ones.
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- Like many other concepts, issues lurk, but manager's today are finding new innovative ways to cross these barriers.
- Once this is done effectively, managers secure the workplace by constructing plans that will decrease work disruption.
- Managers are being bombarded with employee disruptions ranging from harmful intent to monitoring computer usage.
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- In short, if MCI had put more effort into researching how well the Colorado Springs location matched its strategic requirements, it probably could have saved itself millions of dollars and a great deal of internal disruption to the organization.
- An open culture promotes employee involvement in regards to the innovation and creative processes.
- Companies are looking inward and realizing changes must be made to fulfill environment needs such as energy efficiency, limiting product waste and toxicity, and designing innovative products.
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- The music industry in the twenty-first century provides a classic illustration of a "disruptive technology", whereby new technologies drive out established technologies and established ways of doing business.
- A major purpose in describing these music business models is to illustrate how innovations do not have to be tied to the success of a new good or service.
- Rather, an organization can innovate by introducing a new method of doing business, and such innovation has the potential to "turn the world upside down" (a la Google or Facebook).
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- We define "innovation" as an idea or product that is new to the sponsoring organization.
- A good example of this type of innovation is the smart phone.
- In brief, where do innovative ideas come from?
- Non-technical development is another path to product innovation.
- Serendipity plays a role in product innovation.
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- For managers and executives this means that they have a whole new range of ways to design their businesses, which results in innovative and competing business models in the same industries.
- In addition increased competition and rapid copying of successful business models forces all the players to continuously innovate their business model to gain and sustain a competitive edge.
- Based on his search of the literature, Osterwalder lists nine building blocks for managers to use in developing an innovative and effective business model.
- Companies in quadrant "C" need to re-examine their business vision and strategy, while companies in quadrant "D" do not have a good design but are effective on its implementation; this latter usually happens with the appearance of disruptive technologies that "shake up" established industries and business models much the way iTunes and the iPod did.