MGM102H5 Lecture Notes - Lecture 3: Stephen Jay Gould, Paradigm Shift, Shinsei Bank
Document Summary
Established tech is mature in the market(move from analog(something that exists) to digital(something that doesn"t yet) Disruptive technology enters niche markets, not well served by established technology(i. e. file sharing, streaming music such as spotify) Disruptive technology develops new business model radically different from established technology. Paradigm shifts - movement of one product or service or way of production to another; not just a shift but the way we implement that shift in a business and how the business will adjust. Happen in technology(i. e. pen and paper ---> tablet) For example, ebook replacing the physical copy of textbook: move from analog to digital. Long periods of stability followed by short periods of rapid change. Initially proposed in evolutionary biology by stephen jay gould and niles eldredge. Abrupt quantum changes at specific points rather than gradualism over a long period. Adapted into other disciplines such as linguisticsand now technology. In general, paradigm shifts in technology are followed by periods of punctuated equilibrium.
