Asked by Reshmi Rajesh on Jul 04, 2024
Verified
Which of the following creates products or services that become so widely used that they largely replace prior practices and competitors?
A) disruptive innovation
B) sustainability
C) sustaining innovation
D) transformational innovation
E) incremental change
Disruptive Innovation
A term describing innovations that fundamentally change industry dynamics by introducing simplicity, convenience, accessibility, and affordability.
Transformational Innovation
Radical or groundbreaking changes in products, processes, or business models that significantly alter the dynamics of the marketplace or industry.
Incremental Change
Gradual modifications or improvements made over time to processes, products, or systems.
- Distinguish between types of innovations and their impact on business and society.
Verified Answer
MS
Maksym ShevchenkoJul 08, 2024
Final Answer :
A
Explanation :
Disruptive innovation is a type of innovation that creates products or services that become so widely used that they largely replace prior practices and competitors. This type of innovation typically starts with a smaller segment of the market and gradually gains momentum, eventually overtaking the established players in the industry. Examples of disruptive innovations include the personal computer, the internet, and smartphones.
Learning Objectives
- Distinguish between types of innovations and their impact on business and society.