Tuesday 12 August 2014

What makes a disruptive technology?

According to Clayton M Christensen, author of The Innovator’s Dilemma, disruptive innovations are characterized by their ability to create entirely new markets rather than merely update existing markets with new products. They are black swans, rare events where new thinking and changing markets combine to create radical change. A common example is the light bulb and Pearl Street Station -- a major gamble by Thomas Edison. Within years of its development the kerosene lighting industry was all but non-existent, and the world was a brighter place. (The kerosene industry had similarly put an end to the whaling industry -- thankfully… [Continue Reading]

By BetaNews

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