Example of disruptive innovation along with the impact of disruptive innovation on industries. Introduction: Disruptive innovation refers to the innovation in services, products and other approaches that have completely change the rule of the game. Nowadays, a new startup can successfully challenge well-established organizations. Startups proved themselves as disruptive by offering new and innovate products to the customers at a lower cost.

Question

Want to see the full answer?

Answer 1

Question

Chapter 7, Problem 8RDQ

Summary Introduction

To explain:

Example of disruptive innovation along with the impact of disruptive innovation on industries.

Introduction:

Disruptive innovation refers to the innovation in services, products and other approaches that have completely change the rule of the game. Nowadays, a new startup can successfully challenge well-established organizations. Startups proved themselves as disruptive by offering new and innovate products to the customers at a lower cost.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Enumerate... how are change, creativity and eventually innovation management connected to each other?

What is organizational change? What are some common reasons that people resist organizational change? What are the three innovation strategies that managers can implement for changing products and/or technologies? Why is it important to see changes in people and culture as part of any change process?

What are the potential benefits and disadvantages of innovation through cooperative strategies?