Disruptive Innovation: Enabling Practitioners to Tackle the "Innovators Dilemma" With Graphical Techniques - A Focus on Resource Allocation

This paper presents the findings of part of a 30 month investigation, conducted to better understand the persistent failure of management practitioners to fund potentially disruptive innovations. A Mode 2 case study strategy was employed. The iterative transfer of knowledge, between four industrial cases and academia, has successfully culminated in new academic understanding of disruptive innovation and guidance for practitioners. It was found that funding decisions are mainly constrained by mental not physical processes. Organisations wishing to pursue disruptive innovations can challenge psychological attachments to incrementalism, and overcome the funding barrier, with a holistic understanding delivered through graphical portfolio tools

Perspectives on disruptive innovations

Everyday experiences speak to the accelerated pace of innovation in this era of continual change. Sometimes, innovations enhance the value of existing products and services. At other times, they render existing business models obsolete, disrupt value‐networks, prompt providers to rethink who their customers are, and lead customers to rethink what they value. What does it mean to manage in such a world of disruptive changes, and how might we research this phenomenon? Together with the contributors to this special issue, we anchor, explore and extend the meanings associated with the concept of disruptive innovation. In particular, we discuss several perspectives on disruption – evolutionary, relational, temporal and framing – that culminate in a performative (as opposed to a predictive) approach to thinking about the phenomenon. In doing so, our intention is to open up the agenda for both researchers and practitioners

Disruptive Innovations in Electronic Transportation Management Systems

This paper provides an overview of selected disruptive innovations (Blockchain, Internet of Things and Big Data) in electronic transportation management systems in general, and their possible impact in maritime transport. The theoretical background is provided, including transportation, electronic transportation management systems and selected disruptive technologies. The impact, major challenges and success factors in implementing disruptive innovations in maritime transport are pointed out and elaborated. Finally, authors provide the discussion and the future perspective of selected disruptive innovations, with an emphasis on maritime transport

Strategies for Integrating and Sustaining Disruptive Innovations in Small Businesses

The evolution of technology has led to a need for business leaders to embrace disruptive technology for the purpose of capturing new markets and remaining competitive. Multiple challenges have been faced by business leaders in the processes of integrating and sustaining disruptive innovations, resulting in the failure to achieve expected efficiency and profitability. The purpose of this multiple case study was to explore strategies used by business leaders to integrate and sustain disruptive innovations. The conceptual frameworks were Roger\u27s diffusion of innovation theory and Christensen\u27s disruptive innovation theory. Semistructured interviews were administered to 10 business leaders and employees from institutions of higher learning in the Northeastern region of the United States. The participants were selected using a purposive nonrandom sampling technique. The selection criteria included organizational leaders, technology professionals, training and development professionals, and organizational end-users. Three themes and several subthemes were identified. The strategies for integrating and sustaining disruptive innovations include training, changeover mechanisms, and the use of critical resources. The procedural and structural factors in processes to integrate and sustain disruptive innovations include identifying critical success factors, ascertaining benchmarks, determining levels of support and effectiveness. Obstacles faced during the processes of integrating and sustaining disruptive innovations were categorized into human, technology, changeover, and external issues. Social change may be realized through the improved success rates of small business leaders implementing disruptive innovations by increasing meaningful employment and enhancing livelihoods

Disruptive Innovations and Disruptive Assurance: Assuring Machine Learning and Autonomy

Autonomous and machine learning-based systems are disruptive innovations and thus require a corresponding disruptive assurance strategy. We offer an overview of a framework based on claims, arguments, and evidence aimed at addressing these systems and use it to identify specific gaps, challenges, and potential solutions

Measurement framework for assessing disruptive innovations

Assessing potential disruptiveness of innovations is an important but challenging task for incumbents. However, the extant literature focuses only on technological and marketplace aspects, and most of the documented methods tend to be case specific. In this study, we present a multidimensional measurement framework to assess the disruptive potential of product innovations. The framework is designed based on the concept that the nature of disruptive innovations is multidimensional. Three aspects are considered, i.e., technological features, marketplace dynamics and external environment. Ten indicators of the three categories are proposed and then connected based on the conceptual and literature analysis. Three innovations, namely, WeChat (successful), Modularised Mobile Phone (failed) and Virtual Reality/Augmented Reality (ongoing), are selected as case studies. A panel of industrial experts with PhD degree in engineering is surveyed. The survey results are calculated and analysed according to the framework and then compared against the developments of the innovations. We also check the robustness of this framework by surveying other groups of people, and the results are nearly identical to the previous findings. This study enables a systematic assessment of disruptive potential of innovations using the framework, providing insights for decisions in product launch and resource allocation.fi=vertaisarvioitu|en=peerReviewed

COVID-19 PANDEMIC: FINANCIAL DISRUPTIVE INNOVATIONS AND PERFORMANCE OF DEPOSIT MONEY BANKS IN NIGERIA

The study examined the relationship between covid-19 pandemic: financial disruptive innovations and performance of deposit money banks (DMB’s) in Nigeria for the duration of 2000-2020 (21years). This was done respect of measures of financial disruptive innovations, namely; Automated Teller Machine (ATM), Point of Sale (POS), Internet Banking (INTB) and Mobile Banking (MB) and how the effects performance of deposit money banks in Nigeria {proxy with Return on Equity (ROE)}. The method of data collection used in this study is the secondary source of data (time series data), from the CBN Bank Supervisory Annual Report, CBN Statistical Bulletin and Nigeria Deposit Insurance Corporation (NDIC) Annual Reports for the period 2000-2020. The data set was described using descriptive statistics and the unit root test was conducted to ascertain if the data are stationary in order to have accurate regression result. The correlation analysis will be use to ascertain the co-movement of the independent variables in relation to the dependent variable while the Multiple Regression analysis were employed with the aid of E-VIEW version 9.0 for the purpose of testing the research hypotheses raised. The finding revealed that ATM and POS has positive significant effect on  ROE of DMB’s in Nigeria while INTB and MB has negative insignificant effect on  ROE of DMB’s in Nigeria. Hence, the study concluded that the relationship between financial disruptive innovations and performance of deposit money banks in Nigeria significant, and it’s affected the banking industry positively. It is therefore recommended that, Investment in technological disruptions has been proven to enhance the finance of Nigerian commercial banks. The banks should therefore give emphasis to efficient utilization of the financial disruptive innovations enabled services such as POS, MB, ATM and INTB. Keywords: Covid-19 pandemic, Financial Disruptive Innovations, performance and Deposit Money Banks

Design thinking in responding to disruptive innovation: A case study

How can the design thinking approach assist firms in developing response strategies to momentum-gaining disruptive innovations, along the lines of effectively exploiting established technologies and corresponding products/services? Such exploitative response strategies, implying successfully strengthening and leveraging the disrupted firm’s existing technology without embracing the disruptive elements, have been, to a large extent, overlooked in the disruptive innovations literature. Using an inductive analysis of a critical case (a major cork stopper producer), the current study aims at developing a systematic understanding of exploitative strategic options and the role of design thinking in enabling them. The findings shed light on the effectiveness of the design thinking mindset to respond to disruptive innovations. In addition, we present evidence that a design thinking method can be successfully applied to process innovation. Finally, we demonstrate that to achieve a radical innovation based on design thinking principles, the establishment of design discourse is required

Strategic Response by providers to specialty hospitals, ambulatory surgery centers, and retail clinics.

Radical innovation and disruptive technologies are frequently heralded as a solution to delivering higher quality, lower cost health care. According to the literature on disruption, local hospitals and physicians (incumbent providers) may be unable to competitively respond to such creative destruction and alter their business models for a host of reasons, thus threatening their future survival. However, strategic management theory and research suggest that, under certain conditions, incumbent providers may be able to weather the discontinuities posed by the disrupters. This article analyzes 3 disruptive innovations in service delivery: single-specialty hospitals, ambulatory surgical centers, and retail clinics. We first discuss the features of these innovations to assess how disruptive they are. We then draw on the literature on strategic adaptation to suggest how incumbents develop competitive responses to these disruptive innovations that assure their continued survival. These arguments are then evaluated in a field study of several urban markets based on interviews with both incumbents and entrants. The interviews indicate that entrants have failed to disrupt incumbent providers primarily as a result of strategies pursued by the incumbents. The findings cast doubt on the prospects for these disruptive innovations to transform health care

Disrupting Education: High School Principals’ Efforts to Lead Disruptive Innovation and the Influence of Isomorphic Mechanisms

Students today require skills and dispositions different from those of the past. Despite ongoing efforts to initiate change in schools through reform efforts, little has changed within educational institutions. Current reform efforts do, however, create conditions for principals to lead disruptive innovation within their schools. Research is limited on innovation implementation in education and the various ways isomorphic forces may hinder or contribute to the design and adoption of disruptive innovations. The purpose of this study was to examine how high school principals lead disruptive innovation. Additionally, this study sought to understand how the mechanisms of isomorphism influence the adoption of disruptive education innovations in education. The findings from this study reveal that sources of disruptive innovation motivation can be internal or external. Sources of motivation were found to correlate with organizational structure. Additionally, constructs of modern institutional theory were confirmed as findings supported a bidirectional influence between organizations and the greater organizational field. Finally, the relationship between principal and principal’s supervisor was identified as having a varied influence. A positive relationship was found to encourage both internally and externally motivated disruptive innovations, while a negative relationship was found to have little to no impact on the implementation of internally motivated disruptive innovations