“A disruptive innovation is a technological innovation, product, or service that eventually overturns the existing dominant technology or product in the market”.
More precisely, it can be understood as an innovation that disrupts an existing market. Disruptive innovation improves products and services in a way that the market does not expect, typically by increasing revenue, reducing costs, transforming business processes or realigning strategies for a different set of customers or their expectations.
‘The Innovator’s Dilemma’, Harvard’s Clayton Christensen mentioned repeatedly that disruptive technologies were exactly those that did not appeal to entrenched market leaders as they tended to underperform existing technologies and served a less-profitable consumer demographics. Clayton Christensen theory also made an observation that such technologies tend to get better at a faster rate than the increasing need of users.
Disruptive Technologies Caused Disruptions:
We ought to believe that Disruptive Innovations change the rule of the game. While the process of true disruption the ideation or the innovation must radically change or alter its environment, mere improvements, additions, enhancements or modifications do not count.
1. Downloadable Music/MP3/iPod
2. Digital Photography
3. Emails and Digitization
4. Social Media
5. E-bloggers and E-Newspapers
6. Streaming Media Services
7. E-books and E-Magazines
8. Mobile Payment Options
9. Self-checkout Stations
When a disruptive technology appears on the horizon of your industry, you need to ask a few question yourself,
1. How open-minded to new ways are you as a Company Leader?
2. What is the ideation of your executive management team? How willing are you to listen to the incoming voice of Disruptive Technology?
3. Entrepreneurs must introspect whether they have the right leadership ability to deal with an era of disruptive technologies or not?
Keep Reading!! Keep Toying With Technologies :-) But Don’t Just Get Caught Up In The Disruptive Whirlwind!!
Though my personal advice is that instead of preparing for the next disruptive technology to replace and affect your interests, why not be a part of the innovation of the next disruptive technology yourself!
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Introduction
We all know Disruptive Innovation as an
advent to the new world of Technology, but alas we fail
to see the
The Other Side Of Disruptive
Technologies… Who Suffers??
Let’s start this discussion with theories, definitions and
research known in this context
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Definitions & Theories
Known
Definition
Disruptive Technology
can be understood as
an innovation that
disrupts an
existing market
Harvard’s Clayton
Christensen Doctrines
Technologies that did
not appeal to
entrenched
market leaders
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Fall of Businesses
Blockbuster. Nokia.
Kodak. Are those
enterprises which were
on the wrong end
of the impact of
disruptive
technologies.
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Fall of Businesses
When disruptive
technologies fail to
deliver, these market
leaders are
forced to rule
them aside. This can
be seen from failure of
various renowned
enterprises
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Disruptions Caused : Downloadable Music/MP3/iPod
1. Downloadable music and mp3
have changed the dynamics of
listening to music.
Sufferers : Sony,
Panasonic, Teac, HMV,
WSJ, Universal Music,
ErosEntertainment,
Phat Phish
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Disruptions Caused : Digital Photography
2. Digital picture-taking makes
photography simpler.
Sufferers: photographic
films, dark room jobs,
and negative reels.
Large corporation as sufferer : Fuji
Films and Edisons.
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Disruptions Caused : Emails and Digitization
3. Email and Digitization has caused
major disruptions to
Sufferers: postal industry,
paper manufactures and
definitely ink making
companies. This left many
people jobless.
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Disruptions Caused : Social Media
4. Social networking sites
like Facebook, Google+, Tumblr,
LinkedIn etc.have made it a lot
difficult for the Telecom Industry.
Sufferers: SIM Cards, SIM
manufacturing
companies
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Disruptions Caused : E-bloggers and E-Newspapers
5. E-bloggers and E-newsletters are
reportedly also.
Sufferers: Newspapers in
paper form.
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Disruptions Caused : Streaming Media Services
6.Streaming sites, Hulu and Amazon
Instant Video; video sharing site
YouTube & Redbox offer both online
streaming and DVD
Sufferers : Blockbuster to
bankruptcy and then
closure.
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Disruptions Caused : E-books and E-Magazines
7. E-readers like the Amazon
Kindle, Stanza and Apple’s iBooks
allow you to download and read
complete book, newspapers,
magazines and comics.
Sufferers: publishing
firms at the large.
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Disruptions Caused : Mobile Payment Options
8.Mobile apps and payment
gateway apps are coming along
to disrupt the
Sufferers: traditional cash
register.
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Responding To Disruptive Technologies
Disruptive Technology can come
to any one of us. Be prepared and
as an entrepreneur you must ask
yourself few questions.
1. How open-minded to
new ways are you as a
Company Leader?
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Responding To Disruptive Technologies
2. How willing are you to
listen/accept the incoming
voice of Disruptive Technology?
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Responding To Disruptive Technologies
3. Entrepreneurs must
introspect whether they
have the right
leadership ability to
deal with an era of
disruptive technologies or
not?
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Keep Reading!! Keep Toying With
Technologies , But Don’t Just Carried
Away In The Disruptive Whirlwind!!
Instead be prepared for the
Disruptive Technology
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Author
Director
Ajeet is responsible for driving sales,
forging strategic partnerships and
managing key client relationships in the
United States and Canada.
Ajeet Singh
Write to me at ajeet@algoworks.com
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Choose Algoworks For Better
Decision Making For Your
Business!
Call us at: +1-877-284-1028
Mail us at:
sales@algoworks.com
support@algoworks.com
Official Blog Link -
http://www.algoworks.com/b
log/9-mobile-app-
development-myths
Algoworks Technologies Pvt. Ltd.
Choose Algoworks For Better
Decision Making For Your Business!
Call us at: +1-877-284-1028
Mail us at: sales@algoworks.com
support@algoworks.com
Official Blog Link -
http://www.algoworks.com/blog/
disruptive-technologies
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