"Free navigation apps on smartphones wreaked havoc for the makers of standalone GPS devices. Airbnb and other resource sharing services are undermining hotels. Uber, SideCar and Lyft are reinventing the heavily regulated taxi and limousine industry. These are just a few of hundreds of examples...

A paradigm shift is occurring in the theory of disruptive innovation, as new "big bang" disruptors increasingly enter the market better and cheaper than offerings from long-time industry incumbents. This article review the four economic drivers of that shift: price deflation, platform...

As digital technologies increase the occurrence of big bang disruptions across industries, companies old and new find they have less time both to profit from their own disruptor and to unleash the next one. This article describes the drivers of this phenomenon, and offers strategic responses...

Open innovation allows large organizations to collaborate across a wide ecosystem of potential partners, reducing risk and increasing the potential for successful disruptive products and services. In China, appliance giant Haier has experienced significant success using its HOPE platform, which...

Any business can be devastated virtually overnight by a new offering that is both better and cheaper. We call this strategy “Big Bang Disruption,” because its introduction signals the complete and often sudden re-invention of the industries it affects. This article describes the special...

The nature of disruptive innovation, first studied by Joseph Schumpeter, has changed dramatically in the wake of rapidly and predictably deflating costs for embedded digital technology. New disruptors now enter the marker both better and cheaper than existing products. The result is devastating...