How to achieve disruptive innovation?

How to achieve disruptive innovation?

The most successful companies disrupt existing markets, but they risk losing market leadership if they fixate solely on existing models. Disruptive innovation provides an alternative solution to needs that are being solved by something else. By examining the current situation, companies can redesign conventional business models to capture market segments that are currently underserved. Collaborating with startups can be a valuable way for established companies to accelerate innovation and digital transformation while avoiding pitfalls like managerial system clashes and organizational change. Agorize is an example of an innovation management platform that uses hackathons and innovation challenges to bring forward disruptive solutions.

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