Definition
Disruptive Innovation is an innovation that significantly alters the way businesses, industries, or markets operate, often displacing established market-leading firms.
Frequently asked questions
What is meant by disruptive innovation?
Disruptive innovation is when a new idea drastically changes how a market or industry works. It often makes old ways seem less relevant.
Do disruptive innovations create new markets?
Yes, disruptive innovations can create new markets. They introduce new ways of doing things that didn`t exist before, attracting a whole new set of customers.
Is disruptive innovation good or bad?
Disruptive innovation can be both. It`s good because it brings new solutions and growth. But it can be challenging for companies that can`t adapt quickly.