Thursday, July 25, 2013

Disruptive innovation

Disruptive Innovation is an innovation that helps create a new market and value network, and eventually goes on and disrupt an existing market and value network.

Sustaining Innovation is innovation that evolves around existing ones with better values, allowing companies to compete against each other's sustaining improvements.

Disruptive technology is a subset of Disruptive Innovation as the innovation may be a simple process or mindset. Civil Innovation, Relief 2.0, and many other organizations are focused on changing mindsets of "helping" to Engage, Enable, Empower and Connect. And transform inefficiencies, bridge gaps, address value creation and connect stakeholders instead of just providing aid indefinitely.


I think there will always be disruption innovation happening for profit. Social Media, has changed a lot of the media landscape. Spotify, Pandora and other online media streaming are changing the way people consume music. It does benefit the consumers to have alternatives, and sometimes, it is not the fault of the big brands and companies that they fail.


I would like to think and see more disruptive innovations in the real of social good. "Good Disruptions" are needed urgently for the environment, reducing the income gap, and simply promoting peace.

I feel that the financial markets and other disruptions that create wealth for the few already wealthy individuals are already creating such a big divide between the rich and the middle class, that the conventional methods of taxing the rich and redistributing wealth does not work well today.

There are many inefficiencies on how many people perceive themselves as change agents or helping, but in reality, what they do is focused on the short term, and there is actually a lot of resources used (that can be more efficiently used) and does not even solve the root problem.

Sometimes even before looking at education reforms, one may even need to look into solving housing problems, lack of infrastructure and opportunities, etc. If a person does not have a roof over their heads, it is hard to think about having a good education to better themselves. If NOW does not get met, and survival is hard, the FUTURE does not seem that promising either.


I am writing and exploring more on GOOD DISRUPTION over the next few months, if you have any requests on specific industries, please let me know. And if you want to contribute, feel free to contact me.

-- Robin Low