Question

What potential impact might disruptive innovation have on the overall state of the field and the future directions of innovation management research in the next 3–5 years?

Answer 1

Impact of disruptive innovation on the overall state of the field and the future of directions of innovation management research

The disruptive innovations are those innovations which are capable of bringing disruptive change in the related industry such the previous most of the process and arrangements becomes redundant, obsolete, or repetitive and nature with the promise of providing better ways of sustainability, reliability and efficiency in the intermediate and final process. Any disruptive change cannot be self-centric or focused on the personal gains and benefits, instead of that, disruptive changes are aimed at common goals, mutual benefits of the society and environment and beneficial for all stockholders. To ensure that, the management research in the disruptive innovation helps us provide a framework to decide, manage and optimize any innovation for the common good of society. Few of the factors related to the disruptive innovations which will have a direct impact on the overall state of the field and the future of directions of innovation management research are the following:

Technological and digital acceptance: With the involvement of technology in every sector of the industry, there is no doubt a social disruptive innovation without the help of digital systems and blooming technology are a vital part of the innovation. The innovation mostly based upon the technology friendliness can be easily scaled for major implementations and safekeeping of intermediaries. The technologies help us track the progress, providing solution of most complicated problems, higher computation power and performance.

Sustainable progress: The innovative process must be sustainable enough to be easier on the part of management capability. If the process is unstable, it will require lots of input without any promise of fruitful outputs.

Innovation for common good: The management should ensure that any disruptive innovation is researched, invested and proceeded with the aim of common benefits and social causes. The management provides framework boundaries of ethical and non-ethical practices.

Process and stage of progress tracking: The disruptive innovation helps in defining the new dimensions of process efficiency and hence develop new process stages and their tracking. With the fast-paced innovations in the industry, the innovation management research frameworks, the theory behind it and their applicability pose a challenge to the older benchmark of management and research in disruptive innovations.

Defining stakeholders’ role: The innovation management research provides a framework to define the roles of the stakeholders to remove the redundant operations, increase the stability of the process and improve its efficiency. The disruptive innovations have a direct impact on the roles of stakeholders as it makes the processes more efficient with fewer inputs and investments required.

Protecting intellectual property rights: In this modern era, the disruptive innovation can be the result of any research, accidental findings or any other process but the main objective is to use it for common benefits of the social causes. The IPR provides the exclusive rights to their innovators and researchers, however, disruptive innovation is useless without its widespread application and accessibility for business industry. These situations will pose a challenge to innovation management research.