Disruptive Innovation Flashcards
What is the information Search Industry
This refers to the sector that provides services and tools for individuals/end users for finding and accessing information
Who are the big dominant players in the ISI
Googe, Bing and Yahoo
How many percent of market share did Google have on their ISI sector
92%
What are the main reasons how AI disrupts the ISI market.
Conversational Searching
Personalized recomendation
Interactive Assistance and support
Contionous Learning
Who coined the term Disrutpive Innovation
Clayton Christensen
What makes an innovation disruptive
An innovation that is disruptive allows a whole new population of consumers at the bottom of a market access to a product/service that was historically only accessible to consumers with a lot of money or a lot of skill.
Chateristics of disruptive businesses
Lower gross margins
Smaller target market
Simpler product and services
What are the critical elements of disruptive innovation
Sophisticated technology that simplifies
Low cost innovate business models
Economically coherent value network
Discovery skills of innovators
N.E.O.A.Q
Networking
Experimenting
Observing
Associating
Questioning
Delivery skills of innovators
Analyzing
Planning
Detailed - orientation implementation
Disciplined Execution
Three questions to asks in innovation
What is desirable to users
What is viable to users
What is possible with technology
What is the process involved in research
Ideation
Prototyping
Need finding
Modelling
What is social enterprise
Social enterprise is an organization which applies commercial strategies to maximize improvements in human and environmental wellbeing.
Who are social entreprenuers
Social entreprenuers are individuals with innovative solutions to society’s most pressing social problems.
To them social impacts > profits
What are the types of social enterprise
For profit
Non-Profit
Cooperative
Community interest company
Charities
