1 Disruptive Innovation Student Name University Affiliation Professor Name Course Code Date 2 Disruptive Innovation 1. What is the definition of disruptive innovation according to Clayton M. Christensen? Disruptive innovation, as per Christensen, is the mechanism whereby a smaller firm, generally with fewer assets, may confront an established corporation, sometimes known as an "incumbent," by emerging at the lower end of the market and moving up-market. 2. How is it the same/different from the disruptive innovation we talked about in class? It is just like the disruptive innovation we talked about in class. With disruptive innovation, a business model first establishes itself at the foundation of a marketplace by being less priced and more widely available. It then fiercely makes its way to the top, ultimately replacing existing rivals. In the corporate world, it's among the most often misinterpreted and misused words. Disruptive Innovations aren't technological breakthroughs that improve existing goods; alternatively, they are breakthroughs that render products and services more attainable and inexpensive, allowing them to reach a broader audience. 3. Why is it important to categorize disruptive innovation as Clayton M. Christensen did? Businesses must keep evolving to keep up with shifting consumer preferences, competitiveness from other similar businesses, and rapid technology breakthroughs. A company's past accomplishments with product introductions aren't enough anymore. Organizations should build a culture of failure tolerance when creating and releasing new products to customers. Low-end disruption and new-market disruption are the two forms of disruption. Clayton Christensen cautions that assessing if an innovator's strategic planning will thrive takes patience. 3 As an illustration, he points to Netflix, a firm whose DVD-by-mail option initially failed to please consumers. Watch out for startup businesses that might undermine your industry. When businesses know what "disruption" is and how it's used, they will see potential threats and take action to prevent them. Disruption can help businesses create goods and services that people will demand. 4. Find and suggest a disruptive innovation example (excluding digital cameras, cloud storage, electric cars, streaming services, disk drives). Zoom. Zoom has surfaced as a substantial disruptive innovation from the epidemic of hundreds of teleconferencing services for its contemporary, video-first systems integration with easy and dependable functionality. 5. Explain why the example fits Clayton M. Christensen's definition of disruptive innovation. With more than 300 million daily users, Zoom has established itself as a leading example of substantial disruptive innovation. It has been used by businesses, educational institutions, and entertainment businesses. As a low-end disruptor, Zoom fits this description. Many startups and individuals seeking a costeffective alternative were drawn to its simplicity of use and good performance from the start. By eliminating the delay and providing high-quality visuals, also the connections smaller companies want, this cutting-edge innovation has done more than fix the latency issue. As a result of the epidemic, many firms have adopted the practice of teleworking and online conferences as the standard. A significant number of additional audiovisual consumers 4 throughout the globe will be available to Zoom thanks to this move. Because it offers both free and premium virtual meetings, Zoom can support distance learning, improve growth, and enhance cooperation. 6. What types of innovation have occurred in your example using Doblin's ten types of innovations? Zoom is a well-known organization that has leveraged ten different kinds of innovations. This is a kind of technology that emphasizes the value of a company's product. It considers the wide range of attributes and high standard of the product. Contrary to this, the enabling systems developed by a company around its primary product are referred to as "product systems." Improving the quality of its products is an evident but challenging aspect of progress, and such breakthroughs could only give a short competitive edge unless they are underpinned by a firmly established business culture of technical innovation. One of the grounds Doblin recommends firms focus on merging several sorts of innovations is that it provides a much more vibrant economy. 5 References Christensen, C.M., Raynor, M. & McDonald, R. 2015. What is disruptive innovation? Harvard Business Review, 93(12): 44-53.