Review:
Market Disruption
overall review score: 4.5
⭐⭐⭐⭐⭐
score is between 0 and 5
Market disruption refers to the process where a new innovation or technology radically changes an existing market and displaces established market leaders.
Key Features
- Innovative technology
- Radical change in market dynamics
- Displacement of established market leaders
Pros
- Encourages innovation and competitiveness
- Can lead to improved products and services for consumers
- Offers opportunities for new entrants in the market
Cons
- Can create uncertainty and instability in the market
- May lead to job losses in traditional industries
- Established companies may resist change and innovation