Disruptive Innovation Examples that Transformed Industries

Disruptive Innovation Examples that Transformed Industries

Disruptive innovation occurs when new businesses recognize an unmet market gap or a previously ignored segment, and provide an alternate product or service that is accessible and economical. Some of the best examples are Tesla, which pushes cutting-edge technology and sustainability; Airbnb, which changed the way the hotel business operates; Uber, which made travel inexpensive; Netflix, which disrupted the way we watch movies; and Amazon, which disrupted the way we buy items online.

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More Innovation Resources:

What is the Suggestion System? Employee Suggestion System

Suggestion systems create a communication channel between employees and management, allowing employees to share ideas and suggestions effectively, leading to better productivity, creativity, and collaboration.

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The view from the Innovation Edge

Nesta recently hosted a successful large-scale event called Innovation Edge, featuring high-profile speakers and exhibitors. The event highlights included Tim Berners Lee, Bob Geldof, and even Gordon Brown. The conference also experimented with using Twitter to promote networking and participation.

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How to get more good ideas and avoid the bad ones?

Innovation management is not just about good and bad ideas, but also about timing, team, execution, and bias towards false positives or false negatives. Getting more ideas and avoiding bad ones is not enough. The focus should be on managing the process effectively.

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