Essay On Disruptive Technology

A disruptive technology is defined as a disruptive innovation that disrupts an existing market by creating a new market.

When looking at innovation, we can say that there are two types of technological innovation, namely incremental and radical innovations. These two variances are quite distinct in nature. Incremental innovation takes an existing product and creates barely or minor changes to the existing technology, it is safe to say that most innovations are incremental in nature and involves small improvements to the already existing technology. There is no dramatic change to the design, just improvements of the product, service or processes. Incremental innovation is able to take advantage of the original design but it reinforces the dominant design, incremental innovation improves the competitive nature of the chosen industry. Radical innovation is different in that it explores a new technology, it changes the playing field because it changes the way things are done, by having a dramatically new innovation. This initially occurs in the early stages of the technological development.

Eco cars are disruptive to the automotive industry because it will cause all the manufacturers and suppliers to look for alternatives, by exploring various forms of vehicle electrification and alternatives. Fuel consumption will go done and this will affect gas and diesel companies because the dependency on gasoline would decrease which would mean that gas mileage would effectively improve. The source of innovation for eco cars is due to the rising interest of consumers who are becoming more environmentally friendly which has lead manufactures and organizations to meet their needs, because eco cars run cleaner and they will therefore challenge the dominant design within the