Showing posts with label Demographics. Show all posts
Showing posts with label Demographics. Show all posts

Monday, 1 July 2013

The winds of disruptive innovation



Disruptive Innovation involves simplification. Clay Christensen, who coined the term, didn't quite put it that way, but explained how his theory represents the transformation of a complex and expensive product used by experts into something more accessible for a larger population.

In this way, it is also a strategic move. By targeting the bottom of a market with simplicity, the innovation disrupts the legacies of overly-complicated and costly competitors. You may enjoy hearing his examples in the following video.
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