Disruptive Innovation refers to applying technology to affect how the way a market or industry functions. From learning the different disruptive business models in order to tackle current business trends to understanding the disruptive competition for a better edge.
In this course, we will learn that disruptive innovation is often driven by needs and resources. As we have seen our fair share of innovation, some traditional industries are finding themselves in a wide, ready marketplace for their own new ideas. However, with limited technical resources and money, their marketplaces are more reliant on disruptive concepts.
We will also touch on how companies can benefit in a number of ways through creating and sustaining a system that looks for disruptive innovation giving it companies leverage on the ever disruptive market that their industries are adapting with.
We should also know that both the company’s employees and customers can provide feedback to help generate new innovative ideas. Employees may have ideas on better processes or technologies that will increase efficiency while consumers provide insights on what various markets are looking for. Adapting these solutions may lead to some new insights for disruptive innovations, employee engagement, and more revenue streams.
This course aims to develop the skills in understanding how a disruptive market impacts the market for the future of business.