4. Innovation and Disruption:
The concept of innovation emerged after the Second
World War, mostly thanks to the works of Joseph
Schumpeter (1883–1950) who described the economic
effects of innovation processes as Constructive destruction.
Harvard Business School professor and business
consultant, Clayton Christensen, coined the term
“disruptive innovation” in the magazine (The Innovator's
Dilemma) Harvard Business Review back in 1995.
6. Innovation:
Creativity
Adaptability
Risk-taking
Continuous Improvement
Innovation refers to the creation and application of new ideas, processes,
products, or services that bring about significant improvements or changes. It
Involves the successful introduction of something novel and valuable, often
leading to increased efficiency, effectiveness, or customer satisfaction.
Key Trend:
8. Disruption:
Disruption refers to a radical change or disturbance that significantly alters
the established way of doing things, often leading to the displacement of
existing products, services, or industries. Disruptive innovations typically
start in niche markets and gradually gain traction, challenging established
players and reshaping the competitive landscape.
E-commerce Boom
Mobile Dominance
Data Privacy and Security Focus
Remote Work Revolution
Sharing Economy Rise
Key Trends:
9. Disruption: >>>
The Future of Digital Disruptions:
▪ AI-Driven Customer Service
▪ Predictive Analytics
▪ Human-AI Collaboration
▪ Emerging Computing Technologies
▪ Algorithmic Trust
▪ Event-Driven Architecture
▪ Internet of Behaviors
Transformative Technologies:
▪ Artificial Intelligence (AI)
▪ Blockchain
▪ Internet of Things (IoT)
▪ Cloud Computing
13. ▪ Disruptive innovation is going to continue to occur in every industry.
▪ It is critical that you explore emerging tactics that adopt processes and attracts
leaders and companies who are open to change, challenge the status quo, and
never stop thinking of ways to innovate and improve.
▪ By adopting all or some of these principles, you may find that your business isn't
just thriving within the industry, but completely changing the way things are
done within the industry.
“Disruptive innovations create jobs,
efficiency innovations destroy them”.
~Clayton Christensen