What are some examples of disruptive innovation?
An example of an AI chatbot conversation about disruptive innovation and its real-world applications.
What are some examples of disruptive innovation?
Disruptive innovation refers to innovations that create new markets and value networks, eventually displacing established market leaders. Examples include the rise of smartphones over traditional mobile phones and streaming services like Netflix disrupting cable TV.
Can you explain how Netflix disrupted the cable industry?
Sure! Netflix started as a DVD rental service and transitioned to streaming, offering on-demand content. This convenience and a vast library attracted users away from traditional cable subscriptions.
What other industries have been affected by disruptive innovation?
Many industries have been affected, including transportation with Uber and Lyft disrupting taxis, and retail with Amazon changing how we shop.
Are there any risks associated with disruptive innovation?
Yes, while disruptive innovation can lead to growth and new opportunities, it can also result in job losses and market instability for established companies.
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