Question
In: Operations Management
What are the current relevant theories and areas of debate for disruptive innovations?
What are the current relevant theories and areas of debate for disruptive innovations?
Solutions
Expert Solution
Disruptive innovation in business are the innovations that create a new market and value network displacing the existing market, firms and alliances. The term coined by American scholar Clayton M has become the sensation of the market in the year 2019. Many new business models have emerged displacing the traditional marketplace. Few most prominent examples of disruptive innovations in the recent past includes the artificial intelligence, Blockchain Technology and Internet of Things. Like Netflix is an example of disruptive innovation in the world of online video streaming. It has revolutionised the way the entertainment world has been working. Now, Netflix has come with excellent innovative web series that has become the daily dose of entertainment. Airbnd is also another perfect example of disruptive innovation in the travel world. Low-cost houses are available on this easily accessible application giving home like stay, has created an all together different marketplace in the industry.
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