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Review:

Disruptive Innovation

overall review score: 4.5
score is between 0 and 5
Disruptive innovation refers to a new product or service that creates a new market by disrupting existing markets and value networks, displacing established market-leading firms and products.

Key Features

  • Creates new markets
  • Displaces established firms and products
  • Often initially inferior but improves over time
  • Typically lower cost or simpler to use

Pros

  • Encourages competition and innovation
  • Can lead to more affordable products/services
  • Drives progress and evolution in industries

Cons

  • May lead to job losses in traditional industries
  • Could result in initial resistance or pushback from established players
  • Risk of failure before successful adoption

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Last updated: Thu, Jan 2, 2025, 12:39:37 PM UTC