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Disruptive Innovation Theory and Its Applications

   

Added on  2020-05-11

11 Pages2423 Words92 Views
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RUNNING HEAD: DISRUPTIVE INNOVATIVE NETWORK 1DISRUPTIVE INNOVATIVE NETWORKStudent NameInstitute Name
Disruptive Innovation Theory and Its Applications_1

DISRUPTIVE INNOVATIVE NETWORK 2ContentsIntroduction................................................................................................................................3Objective and scope...................................................................................................................3Literature review........................................................................................................................4Disruption at work..................................................................................................................6Conclusion..................................................................................................................................8Reference..................................................................................................................................10
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DISRUPTIVE INNOVATIVE NETWORK 3IntroductionA disruptive based technology is a concept of innovation that assist by creating a new market and value based network and finally went on to disrupt of a present market and value related network. The work is utilised in technology and business literature associated to defines to innovation that improve the quality of product or services in methods that the market does notbased on expectation. However, the word disruptive technology is used widely with disruptive innovation which seems a right term in many ways since few technologies are disruptive internally rather it is associated based on business model that the present technology (Christensen et al., 2015). In an organization there are many important question which must be answered by every company like how can one beat at the competition in the market or how to know in advance about the battles in the market with changing trends and customer needs. The concept of disruption has proven to be very consistent and effective kindof strategy for causing intense competition to flee from number of entrant attackers rather fighting back. Another important question here is how business ideas in disruptive strategy can be shaped in right manner. Objective and scope The objective of the report is to understand the concept of disruptive innovation and its contribution in business in current time. There are number if leaders of small or big companies that are praising it as their guiding stars and for many executives at large with strong establishment companies like Intel, Salesforce.com and many more. Ironically, the disruption theory is under a lot of danger of becoming a part of victim of its own success. Theconcept of broad dissemination, the theory’s core topics have not understood properly and it comes under the basic tenets in frequent manner and it can be misapplied (Christensen et al.,
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DISRUPTIVE INNOVATIVE NETWORK 42016). In addition, it is also important for the refinements in the theory over past twenty yearsthat appear to have completely overshadowed by overall popularity of the first form of formulation. As an outcome, the theory is also sometimes highly criticized for the disadvantages that have already been addresses properly. Literature reviewThe dilemma of innovator can be identified in various stages or the help of three essential elements based on disruption as depicted below in the figure. Initially, each market there is level of improvement that consumer can use as well as absorb which are represented by the dotted sloping line which goes upward in the chart. For instance, the automobile based organization keep providing a new and improved engine however one can’t just use all the performance that they make it available which comes under the hood (Christensen et al., 2016). There are number of factors like traffic jams, safety concerns, speed limits and safety issues constrain on how much performance can be used rightly.
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