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How 3 companies used disruptive innovation to transform their industries

Idea Drop

Christensen, the term ‘ disruptive innovation ’ refers to a new entrant into a market who eventually disrupts and outperforms the established players. Here we look at three examples of disruptive innovation and how each company used it to transform their industries. Coined by Clayton M.

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Business model innovation: a core capability for disrupting your industry

hackerearth

In 2001, Apple introduced an array of products and services beyond hardware and software. Whether you want to steer breakout growth, revive a trailing core business, tackle industry disruptions, or protect your company against industry decline, business model innovation is the key. Source: McKinsey. Overvaluing past models.

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Business model innovation: a core capability for disrupting your industry

hackerearth

In 2001, Apple introduced an array of products and services beyond hardware and software. Whether you want to steer breakout growth, revive a trailing core business, tackle industry disruptions, or protect your company against industry decline, business model innovation is the key. Source: McKinsey. Overvaluing past models.

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Organizing for Simultaneous Innovation Capability – key findings from +1,000 companies, republished from Drucker Forum 2016

Innovation 360

H3 is the explorative style: needs are investigated on a deeper level and new technology used to disrupt. It’s essential here to sharpen the future possibilities with external knowledge sharing, open innovation, and co-creation. 2 Based on Loewe, Williamson, Chapman & Wood (2001). 1 Based on Jaruzelski & Dehoff (2010).

Company 40
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Organizing for Simultaneous Innovation Capability – key findings from +1,000 companies, republished from Drucker Forum 2016

Innovation 360 Group

H3 is the explorative style: needs are investigated on a deeper level and new technology used to disrupt. It’s essential here to sharpen the future possibilities with external knowledge sharing, open innovation, and co-creation. 2 Based on Loewe, Williamson, Chapman & Wood (2001). 1 Based on Jaruzelski & Dehoff (2010).

Company 40
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The digital innovation era calls for new board leadership

Innovation 360 Group

The winning strategies of top innovators. In H1 you need traditional leadership styles, such as the Spiral Staircase (Loewe, Williamson, Chapman and Wood, 2001), focusing optimization of existing business and incremental innovation. In this model, the shorter perspective, the current (core) business, is called Horizon 1(H1).

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When innovation led to a reversal of fortunes

hackerearth

Even though the Mac business was picking up, it was only in 2001, with the release of the iPOD (now retired) disrupting the digital music market, did Apple start soaring. Lego overcame its near-demise situation when the then president, Kjeld Kirk Kristiansen, decided that innovation was the only way out in 2001.