A disruptive innovation transforms any type of innovation that historically was expensive and complicated into an innovation that is affordable, simple, and available to broader markets.Group of answer choicesTrueFalse

In the context of innovation, what does "Disruptive Innovation" refer to?OPTIONS Incremental changes and improvements to existing products. Completely replacing old products with new ones. Radical innovations that create new markets and value networks. Innovations that have no impact on the market.

Disruptive innovations are often created by startups and small businesses that are not afraid to challenge the big players. They start by targeting a small or underserved market, and then they gradually move upmarket as their product or service improves

Which of the following is an example of disruptive innovation?*1 pointImproving the efficiency of an existing manufacturing processIntroducing a new product that captures a small market nicheCreating a technology that renders existing products obsoleteNone of the above

Which best describes the process of disruptive innovation?A.Creating new products or services that are better, faster, or cheaper than existing onesB.Developing new technologies or business models that challenge the status quo and create new valueC.Improving existing products or services by adding new features or functionalitiesD.Adopting new technologies or business models that enhance the customer experience and satisfactionE.Innovating new ways of doing things that are more sustainable and ethical

Organisations pursue disruptive innovation at the higher tier of their markets because this is what has historically helped them succeed. Group of answer choicesTrueFalse