Assignment of structure of global economy

Warisha Ahmed
2020582382
BBA-IB
Disruptive Innovation and Technology.

Q)Essay on disruptive innovation and technology.

Disruptive innovation is a term coined by Clayton Christensen to describe a new technology or

business model that disrupts an existing market or industry. Disruptive innovations can create
new markets, displace established competitors, and transform entire industries. Technology
has played a key role in enabling disruptive innovation, as it has made it possible to create new
products and services, lower costs, and reach new customers.

One of the most famous examples of disruptive innovation is the personal computer. When
personal computers were first introduced in the 1970s and 1980s, they were seen as toys for
hobbyists and enthusiasts. However, as the technology improved and prices dropped, personal
computers became more powerful and affordable, and they began to disrupt the mainframe
and minicomputer markets. Eventually, personal computers became ubiquitous, and they
transformed the way people work and communicate.

Another example of disruptive innovation is the internet. When the internet was first introduced
in the 1990s, it was primarily used for email and file sharing. However, as the technology
improved and new applications were developed, the internet became a platform for e-
commerce, social networking, and other disruptive business models. The rise of the internet
has also enabled new forms of collaboration and innovation, as people from all over the world
can connect and share ideas.

More recently, disruptive innovation has been driven by technologies such as artificial
intelligence, blockchain, and the Internet of Things. These technologies have the potential to
transform industries such as healthcare, finance, and transportation, by enabling new products
and services, improving efficiency, and reducing costs. For example, artificial intelligence is
being used to develop new drugs, diagnose diseases, and personalize treatments, while
blockchain is being used to create new forms of digital identity and secure transactions.