Disruptive Innovation: A New Dimension of Competitiveness Issues
Disruptive innovation is a term in the field of business administration that refers to an innovation that creates a new market and value network and eventually disrupts an existing market and value network, displacing established market leading firms, products, and alliances. The term was defined and first analyzed by the American scholar Clayton M. Christensen and his collaborators beginning in 1995 and can be considered as a remarkable influential business idea. The concept is well defined in Wikipedia:
“Disruptive innovations tend to be produced by outsiders or entrepreneurs, rather than existing market-leading companies. The business environment of market leaders ...
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