GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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04:21 Dec 5, 2022 |
English language (monolingual) [Non-PRO] Tech/Engineering - IT (Information Technology) | |||||||
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| Selected response from: Yasutomo Kanazawa Japan Local time: 00:23 | ||||||
Grading comment
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SUMMARY OF ALL EXPLANATIONS PROVIDED | ||||
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5 +3 | An innovation that greatly impacts existing system/tech in the market |
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3 +4 | disruptive innovation |
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Summary of reference entries provided | |||
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Easy to research on the internet |
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disruptive innovation disruptive innovation Explanation: https://en.wikipedia.org/wiki/Disruptive_innovation In business theory, disruptive innovation is innovation that creates a new market and value network or enters at the bottom of an existing market and eventually displaces established market-leading firms, products, and alliances. https://hbr.org/2015/12/what-is-disruptive-innovation Summary. For the past 20 years, the theory of disruptive innovation has been enormously influential in business circles and a powerful tool for predicting which industry entrants will succeed. Unfortunately, the theory has also been widely misunderstood, and the “disruptive” label has been applied too carelessly anytime a market newcomer shakes up well-established https://www.investopedia.com/terms/d/disruptive-innovation.a... Disruptive innovation refers to the innovation that transforms expensive or highly sophisticated products or services—previously accessible to a high-end or more-skilled segment of consumers—to those that are more affordable and accessible to a broader population. This transformation disrupts the market by displacing long-standing, established competitors. |
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Grading comment
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