article thumbnail

Disruptive Technology is ALWAYS Greeted with Doubt, Skepticism and Rejection

Linda Bernardi

Every disruptive technology is greeted with doubt, skepticism, and rejection. In 2002-2005 when as the founder of my startup ConnecTerra Inc, by all accounts the world’s first official IoT company, I started talking to folks about how everything would get on the internet and the economy would be shifting.

article thumbnail

Business Model Innovation Basics Series - Part 1: What is a Business Model?

The BMI Lab Blog

Magretta, 2002). WHO – Every business model serves a certain customer group (Chesbrough and Rosenbloom 2002; Hamel 2000). Magretta 2002). Moreover, emerging technologies or trends may change the market environment - a company may be forced to act reactively or may want to act proactively by adapting the existing business model.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Open Strategy: Mastering Disruption From Outside The C-Suite

Innov8rs

Innov8rs | Making strategy behind closed doors is a prescription for failure when disruptions are coming from all directions. The NASA Pirates – a group officially disbanded in 2002 whose effects still reverberate – were a group of engineers who challenged the traditional practices at NASA.

article thumbnail

Digital Twins: what it is, how it works, and the advantages of this technology

mjvinnovation

What Digital Twins Technology is and How It Works. Originally, this term was coined by Dr. Michael Grieves in 2002. So, what is this technology? Digital Twin technology is already widely used in manufacturing, but the situation is changing rapidly. Digital Disruption. Predictive Maintenance.

article thumbnail

Customer Orientation Effects on Innovation

Integrative Innovation

For example, cordless telephones were a radical innovation relative to wired phones because they were based on a substantially new technology; however, their customer base was essentially the same. DVD players provide another example, as they used optics technology as opposed to the magnetic technology used in VCRs.

article thumbnail

Spotting Innovation Opportunities

ITONICS

Disruptive technologies or innovations boost new business models that change the game of existing industries like the space industry (SpaceX), the music industry (Spotify), the film industry (Netflix) or the banking sector (FinTechs), just to name a few. Is there a pattern for disruption & breakthroughs?

article thumbnail

COVID-19: Business R&D Spending Will Fall by at Least 5-6%

Commodore Innovation

As individuals we are grappling with the fear, disruption and uncertainty brought about by COVID-19. Innovation teams are not, of course, immune to this disruption. If your company cuts innovation spending, but a competitor doesn’t, will you lose your technology leadership position? in 2001 and a further 5.6%

Report 52