Identification and Categorization of Disruptive Innovations According to the Strategic Scope of the Firm

Identification and Categorization of Disruptive Innovations According to the Strategic Scope of the Firm

Vincent Sabourin
Copyright: © 2020 |Pages: 20
DOI: 10.4018/978-1-5225-9273-0.ch086
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Abstract

The concept of innovation has for a long time been considered as the drive behind the ever-changing positions and functioning of the global community. Since the beginning of twenty-first century, creative individuals and entrepreneurs have without influence declined to accept the existing products and services as being the ultimate solution to challenges the society faces. This scholarly analysis builds on the theory of disruptive innovation to categorize and analyze the impact of disruptive innovations on key sectors of an economy in terms of their impact on the strategies and commercialization from a sectorial perspective. This analysis offers insightful information in terms of disruptive innovations which can be categorized into market-driven, product-driven, and competency-driven disruptive innovations.
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Background

According to Schumpeter (2003), these disruptive patterns of creative destruction,” typically flow through industries, and in the process sink outdated, outmatched and weak sinking companies. In this chapter, the author notes that few academic and scholarly theories on management have not had as much influence in the world of business as Clayton M. Christensen’s theory of disruptive innovation. Before proceeding, this chapter therefore poses this question, what role does disruptive innovation play in business?

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