Paradigms/Disruptive Technology

Question 1

Paradigms

Answer 1

Paradigms establish boundaries and provide rules for success

Question 2

Paradigm Effect

Answer 2

Paradigms act as filters. They cause one to see that which fits the paradigm, and perhaps ignore data that doesn’t fit the model

Question 3

Going back to Zero

Answer 3

When a paradigm shift occurs, the playing field is leveled so that everyone starts from ground zero. Past success guarantees nothing

Question 4

Six Key Observations

Answer 4

Paradigms are common

• -useful
• -sometimes your paradigm becomes the paradigm, when you reject all other paradigms that is called paradigm paralysis
• -the people who create new paradigms are usually outsiders
• -people who create them must be courageous, have faith, trust their judgment, and willing to take risks, paradigm pioneers
• -you can choose to change your rules and regulations, your paradigm

Question 5

Paradigm flexibility allows you to see change as an _________ rather than a threat.

Answer 5

Opportunity

Question 6

Disruptive Technology

Answer 6

A new way of doing things that initially does not meet the needs of current customers

Question 7

Sustaining Technology

Answer 7

Produces an improved product customers are eager to buy

Question 8

Entry barrier

Answer 8

A product or service feature that customers have come to expect from organizations in a particular industry and must be offered by an entering organization to compete and survive

Question 9

First-mover advantage

Answer 9

Occurs when an organization can significantly impact it’s market share by being first to market with a competitive advantage