Disruptive Technology: Depending upon applications and environment one often classify IT technology either as Transformative or Disruptive. Indicate from choices given below the characteristics of a Disruptive Technology:Select one:a. Traditional method of doing business remains intact b. Changes the Business pattern as well as that of customersc. Business pattern is not changedd. Interruptions faced in doing business
Question
Disruptive Technology: Depending upon applications and environment one often classify IT technology either as Transformative or Disruptive. Indicate from choices given below the characteristics of a Disruptive Technology:Select one:a. Traditional method of doing business remains intact b. Changes the Business pattern as well as that of customersc. Business pattern is not changedd. Interruptions faced in doing business
Solution
The characteristics of a Disruptive Technology are represented by option b. Changes the Business pattern as well as that of customers. Disruptive technology is known for shaking up the current market, displacing established systems and changing the way people operate, hence altering both the business pattern and customer behavior.
Similar Questions
Disruptive Technology defines the one which not only effects total change in the business but also the customer avails the same. If Internet is considered as an agent for that change, indicate in which business / industry or service the changes is not disruptiveSelect one:a. Payment gate for money transferb. Airlines schedules display and booking a flight.c. Banking Industryd. Online shopping
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
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
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
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