History of Disruptive Innovation. Part II can be found here. For thousands of years‚ beginning around 10‚000 BC in the Middle East‚ humankind embarked upon its first disruptive revolution. Until that point‚ humans had roamed the earth in hunter-gatherer societies‚ foraging for food. When ancient humans discovered farming‚ and began settling permanently‚ in one place‚ advancements in agricultural technology led to a surplus food supply‚ which in turn‚ led to surplus time. The result was unprecedented
Premium Disruptive technology Music industry Innovation
introduces the concept of disruptive technologies. In his book Christensen divides technology into two groups‚ sustaining and disruptive. Sustaining a technology requires continuous and incremental improvements to an already established technology. Disruptive technology lacks refinement. This technology often has performance problems because firstly it appeals to a limited audience‚ secondly it is new and lastly it may not have a proven practical application. Therefore‚ a disruptive technology is a low
Premium Innovation Disruptive technology Technology
Disruptive Technologies and Competitive Forces A disruptive product‚ service or technology is an innovation which creates a new marketplace and a new value web. It eventually goes on to “disrupt” an existing market environment and value web. Portable tablet computers from Apple have come and gone before‚ such as Apple’s “Newton” in the 1990s which was eventually discontinued in 1998 following poor sales. The iPad‚ launched in 2010‚ looks like it will be different. It is a beautifully designed product
Premium Apple Inc. App Store
Is Facebook Disruptive? If So‚ How? Disruptive Innovation‚ Facebook What is the most terrible nightmare to users devoted to Facebook? Let’s think about disruptive innovation having been achieved by Facebook. Facebook subscribers of 0 person in 2004 became reached to 800 million people within 6 to 7 years. However‚ this is nothing more than start. It is expected that users will exceed 1‚000 million people in 2012 and be nearly equal to total populations of China or India. Facebook‚ which has
Premium Facebook Disruptive technology Business model
Balancing Sustaining and Disruptive Innovation Dean Robb‚ Ph.D. A renewable entrepreneurial enterprise must juggle‚ balance and integrate two phenomena‚ each requiring radically different values‚ mindsets‚ leadership and management approaches. The first is "sustaining innovations‚" which are basically improvements to a currently-existing business framework‚ and which milk the current business model and value proposition for all they are worth. The second is "disruptive innovations‚" which are innovations
Premium Management Entrepreneurship
stated by Clayton Christensen‚ disruptive innovation enhances the original business model of a product or organization‚ and changes it; where a product use to only be accessible to a select group of people‚ it is now presented in a much simpler way and accessible to a larger and broader population. Christensen states that the product or organization “takes root” as a simple application‚ and then is disrupted by something. Co-owner Laura Patrick was smart in that she was the first one in Charleston to
Premium Innovation Customer Disruptive technology
In order to remain afloat in this ever changing market‚ companies must have a sound proof strategy. According to Thompson‚ Peteraf‚ Gamble and Strickland‚ a company’s strategy is its action plan for outperforming its competitors and achieving superior profitability. (Thompson‚ Peteraf‚ Gamble and Strickland p. 4) One well known strategy or theory of many companies is a term called disruptive innovation. Disruptive innovation was coined by Clayton Christensen. It explains the process of a product
Free Disruptive technology Innovation
Disruptive Technology Abstract The objective of this project is to explain the emergence of disruptive technology in the IT industry that will enable and help the organizations growth in a cost effective manner. One of the hottest topics in today’s IT corridors is the uses and benefits of virtualization technologies. IT companies all over the globe are executing virtualization for a diversity of business requirements‚ driven by prospects to progress server flexibility and decrease operational
Premium Disruptive technology Innovation
Company Profile of CompuTech Company Marco Garibaldi was a computer hacker and began to develop computer programs in the basement of his parents’ home. His first software program named as “WordPro” aroused great interest among the academic and the business communities. That was the story behind the establishment of “CompuTech Industries” in 1983. The company went to public in 1990 for the first time. By the end of 1995‚ CompuTech’s stock price was $25 per share and its outstanding shares were
Premium Mergers and acquisitions Net present value Cash flow
McKinsey Global Institute May 2013 Disruptive technologies: Advances that will transform life‚ business‚ and the global economy The McKinsey Global Institute The McKinsey Global Institute (MGI)‚ the business and economics research arm of McKinsey & Company‚ was established in 1990 to develop a deeper understanding of the evolving global economy. Our goal is to provide leaders in the commercial‚ public‚ and social sectors with the facts and insights on which to base management and policy
Premium Economics Disruptive technology Internet