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Disruptive Technology Presentation
Disruptive Technology Presentation
Disruptive Technology
Abstract
The paper reviews disruptive technology, its impacts on society and theoretical utilization to
push for economic growth in the Jamaican economy. The research revolved around the following
themes: Definition of disruptive technology, Examples of disruptive technology and the effects
of their inception, the effect disruptive technology is predicted to have on Jamaican society post
completion of Vision 2030 Jamaican National Development plan and how disruptive technology
Examination of these themes shows the relationship of the disruptive technology with society
and a greater part of the economy. Many of these links have not been made explicit before, and
several of them have been misunderstood. This paper is intended to encourage further research
on disruptive technology and to inform readers about the positives and negatives of these
innovations.
Disruptive Technology
completely new technology that replaces and disrupts an existing technology, rendering it
obsolete. It is designed to succeed similar technology that is already in use. Incorporating other
scholarly definitions. A disruptive technology is one that displaces an established technology and
shakes up the industry or a ground-breaking product that creates a completely new industry from
technologies that render established technologies obsolete and therefore destroy the value of the
It is safe to say that disruptive technology is one that displaces or shakes up an industry
because the technology is newer than the existing one and this poses a threat to industry
incumbents.
Literature Review
Disruptive technology has been widely studied as part of innovation. This also refers to
any enhance or completely new technology that replaces or get rid of the old one. It is designed
Predominantly, disruptive technology has been recognize as one that introduces superior
technological qualities to the mainstream product and hence causes a disruption to the market of
the mainstream product. Taking Christensen’s theory into consideration he would disagree, as he
believes that a disruptive technology is one that initially has lower performance and qualities
when compared with the original product. However, as the technology develops, it will begin to
occupy a place in the market of the mainstream technology and may, indeed, surpass the original
DISRUPTIVE TECHNOLOGY 4
product in terms of performance. Christensen have also developed a new concept of disruptive
technology that with this concept he has made a highly praised and critical contribution to the
strategy literature. The impact of his thesis has been enormous both in the business and academic
communities.
A new disruptive technology initially underperforms the dominant one along the
Disruptive technology has other features a few fringe (and generally new) customers
value. Products based on disruptive technologies are typically cheaper, simpler, smaller,
The leading firms' most profitable customers generally do not want and indeed initially
The new disruptive technology steadily improves in performance until it meets the
New (disruptive) technology displaces the dominant one and the new entrant displaces
Disruptive technology can have effects on careers and future works. Here are some of the
ways and explanation on how disruptive technologies can affect careers/future works.
chain and the Internet of Things. Its impact will be far-reaching as it will disrupt almost every
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industry in every country, emerging or developed. It is this fear of being disrupted and rendered
There are widespread fears that automation will displace and replace humans in the
workplace (instead of just augmenting them).The good news is that based on research, less than
five percent of all occupations can be fully automated using currently available technology. The
bad news is that for around sixty percent of existing jobs, at least thirty percent of their activities
Democratization of Work-
flexibly meet their business needs. Some of these new and old types of employment relationships
include full-time employees, part-time or contract staff, offshoring and near-shoring, volunteers,
Besides identifying job opportunities of the future, it is important also to adopt a growth
mind-set. Be prepared for lifelong learning that is, to continuously un-learn old skills, and re-
learn new ones. In particular, we should focus on skills that are likely to be in high demand in the
[Heading 3].
[Include a period at the end of a run-in heading. Note that you can include consecutive
Disruptive technology is likely to play a major role in improving the quality of life of
people, global economies, business models of companies. Technology is evolving at a very fast
pace. The advancement in technology is changing the way we work, live and do business.
Disruptive Innovations improve products or services in ways that the market neither
demands, nor expects, but which become rapidly recognized as the optimum consumer choice. It
therefore makes critical for business and leaders to understand the technology, build their
technical proficiency, implement technologies which matter to them and gain an advantage into
the way they manage their organization. The case study will help enlighten a more concrete
Case Study - Scott Fetzer Electrical Group based in U.S. provides intelligent power
solutions with the help of innovative technology in designing, delivering and manufacturing
high-quality electrical power products. They employed a Universal Robot(UR5) to perform pick
and place tasks. It has the speed and precision of a standard industrial robot with the ability to
move around and work next to humans. It is also be used for data collection in the live testing of
new designs and push the design faster into production. They have won orders against Chinese
competitors and brought back work that used to be sourced in China owing to the advantage of
low cost and faster production. The advantage of employing UR5 is to automate monotonous and
potentially dangerous tasks. UR5 being a pace setter, reduced implementation time up to 50% for
SFEG.
Value of the global market was up to US$10.7 billion. In 2014, robot sales
increased by 29% to 230,000 units and it is the highest level ever recorded for one year. Between
2010 and 2014, the average robot sales increased by 17% per year (CAGR). Main drivers of the
DISRUPTIVE TECHNOLOGY 7
growth in sales of industrial robots were automotive industry and electrical/electronics industry.
In 2014, the average robot density in the following regions was: 85 in Europe, 79 in the
Here it can be seen where disruptive technology has directly affected the global economy
another, more popular, example can be sourced in the smartphone market where at the launch of
apples flagship phone the iPhone X starting at US$999, gave a wakeup call of sorts to other
major brands that their flagship cellphones could be launched at such a price as shown where
Samsung’s Galaxy S9 Plus launched at $959.99USD, The Huawei P20 Pro price at launch was
In a theoretical effort to boost the Jamaican economy, there are several steps to which the
government can take to accomplish this task in the nearby future. The most vital of which are
From the Internet of Things to automation, consumers and businesses alike are seeing
more rapid disruption than any other time in our history. This requires public policy makers to be
nimble in order to react and maximize economic opportunities and results. By making
investments in the possible and upcoming disruptive technology government leaders will be able
to focus on the best ways to prepare talent, position its tax climate, change regulations and align
In a technology enabled world, talent is the most important commodity. In fact, talent will
not only be the most important location decision factor for a technology business, but it also
represents the area where those businesses will invest the most money in order to ensure success.
DISRUPTIVE TECHNOLOGY 8
Due to this fact, governmental and economic development leaders have to adjust public policy to
support the development of talent. Since the more businesses invest the better the economy.
The government then needs to examine the best ways to support the retention and
attraction of talent. Investments in quality of place assets, job training (industry recognized
development programs are critical. These types of investments position areas to attract a highly
educated and sustainable workforce that meets the needs of its key business sectors.
had a significant impact on long standing tools used by local and global governments. As an
example, most global communities tie their incentive programs to capital investment as
compared to headcount and earnings, because this is what has historically generated the most tax
This will require the government to examine their approach to taxation to ensure it meets
the needs of a changing economic base. This way, incentives, forms of investment and generation
Conclusion.
Disruptive technology has began to shape the economy and society. This paper started by
noting the subtle effects brought by these innovations in the society and proceeded to portray the
careers said to be obsolete by the completion of the Vision 2030 plan. Venturing into the effects
of disrupting technology a case study showed the effects on the global market while theoretical
assumptions were made as to how Jamaicans government was to ensure economic growth by
using these innovations. Disruptive technologies will continue to bring about changes and its up
to us whether we adapt in time or be replaced with new inventions in the working world.
DISRUPTIVE TECHNOLOGY 9
References
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Klenow, P., & Li, H., “Missing Growth from Creative Destruction,” Harvard University, mimeo.
Aghion, P., and Howitt, P. (1992). A Model of Growth through Creative Destruction.
Autor, D. H. (2015). Why are there still so many jobs? the history and future of
School Press.
Chui, M., Manyika, J., & Mirmadi, M. (2015) “Four fundamentals of workplace
Gordon, R. (2014). US Economic Growth is Over: The Short Run Meets the Long Run.
The Brookings Institution. Growth, Convergence and Income Distribution: The Road from the