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Innovation: Difference between revisions

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One framework proposed by [[Clayton Christensen]] draws a distinction between sustaining and [[disruptive innovation]]s.<ref>{{Cite news|last1=Bower|first1=Joseph L.|last2=Christensen|first2=Clayton M.|date=1 January 1995|title=Disruptive Technologies: Catching the Wave|work=Harvard Business Review|issue=January–February 1995|url=https://hbr.org/1995/01/disruptive-technologies-catching-the-wave|access-date=16 August 2020|issn=0017-8012}}</ref> Sustaining innovation is the improvement of a product or service based on the known needs of current customers (e.g. faster microprocessors, flat screen televisions). Disruptive innovation in contrast refers to a process by which a new product or service creates a new market (e.g. transistor radio, free crowdsourced encyclopedia, etc.), eventually displacing established competitors.<ref>{{Cite news|last1=Christensen|first1=Clayton M.|last2=Raynor|first2=Michael E.|last3=McDonald|first3=Rory|date=1 December 2015|title=What Is Disruptive Innovation?|work=Harvard Business Review|issue=December 2015|url=https://hbr.org/2015/12/what-is-disruptive-innovation|access-date=16 August 2020|issn=0017-8012}}</ref><ref>{{Cite web|title=Disruptive Innovations|url=https://www.christenseninstitute.org/disruptive-innovations/|access-date=16 August 2020|publisher=Christensen Institute|language=en-US}}</ref> According to Christensen, disruptive innovations are critical to long-term success in business.<ref>{{cite journal|author=Christensen, Clayton & Overdorf, Michael|year=2000|title=Meeting the Challenge of Disruptive Change|url=https://hbr.org/2000/03/meeting-the-challenge-of-disruptive-change|journal=Harvard Business Review}}</ref>
 
Disruptive innovation is often enabled by disruptive technology. [[Marco Iansiti]] and [[Karim R. Lakhani]] define foundational technology as having the potential to create new foundations for global technology systems over the longer term. Foundational technology tends to transform business [[operating model]]s as entirely new business models [[emergence|emerge]] over many years, with gradual and steady adoption of the innovation leading to waves of [[technological change|technological]] and [[institution]]al change that gain momentum more slowly.<ref name="hbr201701">
{{cite news |last1=Iansiti|first1=Marco |last2=Lakhani|first2=Karim R. |url=https://hbr.org/2017/01/the-truth-about-blockchain |title=The Truth About Blockchain |work=[[Harvard Business Review]] |publisher=[[Harvard University]] |date=January 2017 |access-date=17 January 2017 |quote=a foundational technology: It has the potential to create new foundations for our economic and social systems. }}</ref>{{Additional citation needed|date=August 2020}} The advent of the [[packet-switched]] communication protocol [[TCP/IP]]—originally introduced in 1972 to support a single [[use case]] for [[United States Department of Defense]] electronic communication (email), and which gained widespread adoption only in the mid-1990s with the advent of the [[World Wide Web]]—is a foundational technology.<ref name="hbr201701" />