The document discusses the differences between innovation and disruption. Innovation typically involves incremental changes that optimize existing processes and systems, while disruption involves fundamentally changing technologies, business models, or social structures. Disruption often stems from creativity and lateral thinking applied to unsolved problems, enabling entirely new opportunities. While innovation improves existing ecosystems, disruption may require creating new ecosystems to succeed. Disruption has far-reaching, paradigm-shifting impacts and opens up opportunities that never previously existed.
2. INNOVATION DISRUPTION
Nature
Incremental in nature
Gives an extension of life to status
quo
May not have a learning curve
A movement by itself, leading to
new following and evangelism
Fundamental in nature
Most likely to have a learning curve
Origin
Originates from within the domain
Counts on domain expertise
Born out of compulsion
More often, revolves around the
process and techniques in place
Change in group thinking and want
of efficiency and sophistication
Technology is an enabler
More often, result of creativity and
lateral thinking
Unconstrained thinking and
application of knowledge in
unexplored horizons
Instigated by unsolved and new
problems
Advent of new technologies and
techniques
Change in business/social thinking
Technology can be an enabler or
the root cause
3. INNOVATION DISRUPTION
Dependencies
Target eco-system to consume the
benefits must exist
Critical need for optimization or
efficiency
Target eco-system may or may not
exist; may need to be created from
the scratch
Success
Depends on the acceptance of the
targeted group
Measured as savings in cost, time
and money
Measured in terms of replication
and repeatability
Depends on the acceptance and
adoption on a wider basis
Hard to measure in early stages
Measured in terms of benefits
offered by new opportunities and
innovations in respective domains
4. INNOVATION DISRUPTION
Impact
Impacts a small or subset of
potential target group/process
Impacts are far reaching
Could create a paradigm-shifts in
understanding and use
Offers a new lease of life even to
related activities and processes
Course
Can spawn further innovations of
similar type and scale
Can be easily displaced with
commoditization effect
Opens up a new opportunity that
never existed before
Could result in cross-domain
applications
Could be the source for new
innovations
5. INNOVATION DISRUPTION
Observations
Rarely, becomes a disruption
New and existing technologies acts
as enablers
Change is visible only in the
periphery
Impact of failure is very small as it
can be recovered quickly with
back to status quo
More often pins on new, untested,
cross-domain application of
technologies
Cross-discipline in nature
Change is at the root and shifts the
nature altogether
Can result in irrecoverable
if fails
Few Examples
NeoNurture Incubator - Built from
automotive parts
Square – Tiny payment platform
Plant & Animal Fat based Bio-Diesel
Straddling Bus
Kinkajou Microfilm Projectors
Mobile Banking
Internet of Things
Drones
3D Printing
Language Translation
NetFlix