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The term disruptive technologies was first described in depth with this book by Christensen; but the term was later changed to disruptive innovation in a later book (The Innovator's Solution). A disruptive innovation is an innovation that creates a new market and value network that will eventually disrupt an already existing market and replace ...
The business environment of market leaders does not allow them to pursue disruptive innovations when they first arise, because they are not profitable enough at first and because their development can take scarce resources away from sustaining innovations (which are needed to compete against current competition). [5]
They would sometimes take direct action, such as machine breaking, in attempts to protect themselves from disruptive innovation. Joseph Schumpeter notes that as the 18th century progressed, thinkers would raise the alarm about technological unemployment with increasing frequency, with von Justi being a prominent example. [ 32 ]
Every so often, innovation has the ability to affect an entire industry, and even popular culture. Horse and buggy travel was made obsolete by the invention of the internal combustion engine and ...
Crossing the Chasm: Marketing and Selling High-Tech Products to Mainstream Customers or simply Crossing the Chasm (1991, revised 1999 and 2014), is a marketing book by Geoffrey A. Moore that examines the market dynamics faced by innovative new products, with a particular focus on the "chasm" or adoption gap that lies between early and mainstream markets.
Theories of technological change and innovation attempt to explain the factors that shape technological innovation as well as the impact of technology on society and culture. Some of the most contemporary theories of technological change reject two of the previous views: the linear model of technological innovation and other, the technological ...
Technological change (TC) or technological development is the overall process of invention, innovation and diffusion of technology or processes. [1] [2] In essence, technological change covers the invention of technologies (including processes) and their commercialization or release as open source via research and development (producing emerging technologies), the continual improvement of ...
In Smihula theory technological revolutions are the main engine of economic development, and hence long-term economic cycles are dependent on these waves of technological innovation. [7] Smihula identified during the modern age in society six waves of technological innovations begun by technological revolutions (one of them is a hypothetical ...