| Title | Disruptive Innovations, Their Characteristics And Implications On Economy And People |
|---|---|
| ID_Doc | 67904 |
| Authors | Marquardt, K; Just, V; Geldmacher, W; Sommer, M |
| Title | Disruptive Innovations, Their Characteristics And Implications On Economy And People |
| Year | 2017 |
| Published | |
| Abstract | The world is subject to constant changes and innovation cycles decrease in time as technology advances. The last centuries originated a lot from innovations, starting with the 1st industrial revolution in 1780 down to the present 4th industrial revolution or the so called digital transformation. All main evolutionary changes where shaped by visions and innovations and they influenced the economy and the population as well. The freshest buzzword related to this hotly debated topic is "disruption". Nowadays the innovations must be disruptive, the business models and strategies are clustered as disruptive or non-disruptive as well as the competition and markets have to have disruptive components. But what does disruption in that context mean, is it good or bad to have disruptive innovations, and is it a new or an old reoccurring phenomenon? Based on those thoughts and because of the topicality and controversy of this topic the authors have decided to analyze the meaning and significant characteristics of "disruptive innovations" and to have a short historical examination. The obtained results showed that "disruptive innovation" is: something breathtaking improved or new which disturbs an existing environment or even destroys and reshapes it and is nothing preventable or to fear. |
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