Flashcard on Introduction to Disruptive Technology

Front

What is the key difference between emerging technologies and disruptive technologies?

Back

Emerging technologies introduce entirely new markets, while disruptive technologies transform existing markets.

Front

When it comes to disruptive technologies, what is a common feature?

Back

They introduce innovations that challenge existing market leaders.

Front

In the context of emerging and disruptive technologies, what is a key difference?

Back

Emerging technologies aim to improve existing products, while disruptive technologies aim to replace them.

Front

Which of the following characteristics is typically associated with disruptive companies? A rigid adherence to traditional business models. A culture that discourages experimentation and innovation. A commitment to preserving existing markets without disruption. A proactive approach to introducing new products or services that disrupt the industry.

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A proactive approach to introducing new products or services that disrupt the industry.

Front

In the context of disruptive innovation, what role do disruptive companies play in the market?

Back

They create entirely new markets and challenge established norms.

Front

Which phase of the S-shaped curve represents the initial slow adoption of an innovation?

Back

The lag phase

Front

In diffusion models, what is the significance of the "late majority" phase of the S-shaped curve?

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It marks the point at which the majority of potential adopters have already adopted the innovation.

Front

In the diffusion of innovations theory, which group of adopters represents the first 2.5% of individuals to adopt a new innovation?

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Innovators

Front

The group of adopters who are skeptical of change, rely on traditional practices, and are the last to adopt new innovations are referred to as:

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Laggards

Front

Critics argue that the theory of disruption can lead to: An overemphasis on radical innovations at the expense of incremental improvements.

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An overemphasis on radical innovations at the expense of incremental improvements.