The other side of Disruptive Technologies – Who suffers?

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IntroductionWe all know Disruptive Innovation as

an advent to the new world of Technology, but alas we fail to see the

The Other Side Of Disruptive Technologies… Who Suffers??

Let’s start this discussion with theories, definitions and research known in this context


Definitions & TheoriesKnown

Definition

Disruptive Technology can be understood as

an innovation that disrupts an

existing market

Harvard’s Clayton Christensen Doctrines

Technologies that did not appeal to entrenched market leaders


Fall of BusinessesBlockbuster. Nokia. Kodak. Are those

enterprises which were on the wrong end of the impact of disruptive

technologies.


Fall of BusinessesWhen disruptive

technologies fail to deliver, these market

leaders are forced to rule them aside. This can be seen from failure

of various renowned enterprises


Disruptions Caused : Downloadable Music/MP3/iPod

1. Downloadable music and mp3 have changed the dynamics of

listening to music. Sufferers : Sony,

Panasonic, Teac, HMV, WSJ, Universal

Music, ErosEntertainment,

Phat Phish


Disruptions Caused : Digital Photography

2. Digital picture-taking makes photography simpler. Sufferers: photographic films, dark room jobs, and negative reels. Large corporation as sufferer : Fuji Films and Edisons.


Disruptions Caused : Emails and Digitization

3. Email and Digitization has caused major disruptions to

Sufferers: postal industry, paper manufactures

and definitely ink making companies.

This left many people jobless.


Disruptions Caused : Social Media

4. Social networking sites

like Facebook, Google+, Tumblr, LinkedIn etc.have made it a lot

difficult for the Telecom Industry.

Sufferers: SIM Cards, SIM manufacturing

companies


Disruptions Caused : E-bloggers and E-Newspapers

5. E-bloggers and E-newsletters are reportedly also.

Sufferers: Newspapers in paper form.


Disruptions Caused : Streaming Media Services

6.Streaming sites, Hulu and Amazon Instant Video; video sharing site

YouTube & Redbox offer both online streaming and DVD

Sufferers : Blockbuster to bankruptcy and then

closure.


Disruptions Caused : E-books and E-Magazines

7. E-readers like the Amazon Kindle, Stanza and Apple’s iBooks allow you to download and read

complete book, newspapers, magazines and comics.

Sufferers: publishing firms at the large.


Disruptions Caused : Mobile Payment Options

8.Mobile apps and payment gateway apps are coming along to

disrupt the Sufferers: traditional

cash register.


Responding To Disruptive Technologies

Disruptive Technology can come to any one of us. Be prepared and as an entrepreneur you must ask yourself few questions.

1. How open-minded to new ways are you as a Company Leader?



2. How willing are you to listen/accept the incoming voice of Disruptive Technology?



3. Entrepreneurs must introspect whether they have the right leadership ability to deal with an era of disruptive technologies or not?


Keep Reading!! Keep Toying With Technologies , But Don’t Just Carried Away In The Disruptive

Whirlwind!!Instead be prepared for the

Disruptive Technology


Author

DirectorAjeet is responsible for driving sales,

forging strategic partnerships and managing key client relationships in the

United States and Canada.

Ajeet SinghWrite to me at [email protected]


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Choose Algoworks For Better Decision Making For Your Business!

Call us at: +1-877-284-1028

Mail us at: [email protected] [email protected] Official Blog Link - http://www.algoworks.com/blog/disruptive-technologies

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