Health Sciences 3040A/B Study Guide - Final Guide: Disruptive Innovation, Insulin Pump, Paradigm Shift
6 Jan 2019
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Document Summary
Breakthrough a large innovation that propels an existing offering forward (ex. Complex adaptive systems a collective of individual agents with freedom to act in ways that are not always totally predictable and whose actions are interconnected. Disruptive new approach to an old product or service that performs in an entirely new level. Disruptive innovation a process by which a product or service takes root initially in simple applications at the bottom of a market and then relentlessly moves up market, eventually displacing established competitors. Game changer transformational change - paradigm shift. Incremental tweaks and improvements that maintain competitiveness and push forward in a sustained way. Old view examines parts separately and you can understand mechanics of them. The four types of innovation are: breakthrough. The two axes are (y) problem under consideration and (x) area of exploration. Incremental innovation costs more and more (not always) and that disruptive innovation changes the price structure altogether to cost less.
