18 PagesPosted: 31 Mar 2013Last revised: 12 Apr 2013
See all articles by Rahmat Hanif
Institute of Research Promotion
University of Management and Technology (UMT), Pakistan
Institute of Research Promotion
University of Management and Technology (UMT), Pakistan - School of Business and Economics
Date Written: March 30, 2013
Abstract
Disruptive technology is one of the deterministic of organizations’ fate. Incumbents develop their success after long term struggle and eventually replaced by disruptive technology. Incumbents earlier ignore the effects of disruptive innovation, reluctant to cannibalize their established products and later own killed by new entrants.
The study did systematic review and found adoption barriers for disruptive technology. The literarily reported adoption barriers are reorganized into B. Framework. B. Framework is simple, measurable and practicable for the incumbents.
The presents adoption barrier construct as organizational barrier, technological barrier and market barrier.
Keywords: innovation, technology, disruption, adoption of technology, new products, new markets
Suggested Citation:Suggested Citation
Institute of Research Promotion
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Pakistan
University of Management and Technology (UMT), Pakistan
C-II
Lahore, Punjab 54770
Pakistan
Institute of Research Promotion ( email )
7/11 Central Plaza New Garden Town
Lahore, Punjab
Pakistan
+92-42-35846988 (Phone)
HOME PAGE: http://www.irp.edu.pk
University of Management and Technology (UMT), Pakistan - School of Business and Economics ( email )
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Lahore, 54000
Pakistan
FAQs
These barriers include cost, access, time, and skills. Let's briefly explore each one, and how recent innovations have exploited them to create new opportunities. 'Cost' is a common barrier that limits the market potential of certain products and services when they are too expensive.
What are the barriers to disruptive innovation? ›
These barriers include cost, access, time, and skills. Let's briefly explore each one, and how recent innovations have exploited them to create new opportunities. 'Cost' is a common barrier that limits the market potential of certain products and services when they are too expensive.
What is adoption barriers? ›
1. Complexity. In general terms, the more complex the innovation, the greater the resistance to adoption. Complexity makes the innovation more difficult to understand, and generally requires greater management skills.
What are the risks of disruptive technologies? ›
These risks include data breaches, unauthorized access, data loss and regulatory non-compliance.
What are the barriers to adoption of innovation? ›
According to the literature, barriers to innovation can be grouped into three types: cost, knowledge, and market factors. Each type of barrier affects the innovation outcome in different ways and at different stages of the innovation process (D'Este et al., 2012).
What are the main barriers to innovation? ›
What are the most common barriers to innovation?
- Fear of failure.
- Lack of resources.
- Resistance to change.
- Lack of diversity.
- Lack of alignment.
- Lack of feedback.
- Here's what else to consider.
Disadvantages of disruptive technology
New technology is typically untested and unrefined during its early stages and development can continue for years. During this time, businesses offering the technology may struggle to market an innovative product.
Is Netflix a disruptive technology? ›
Disruption explained: Netflix vs.
Netflix's journey is the epitome of disruptive innovation. It began as a mail-in DVD service, appealing to a niche market ignored by then-giant Blockbuster. This segment included those indifferent to new releases, early DVD adopters, and online shoppers.
How can one describe the impacts of disruptive technology? ›
Disruptive technology is an innovation that significantly alters established industries and markets, creating new sectors and business models. An innovation that radically changes the way the market is structured and how products and services are consumed.
What are the limitations of disruptive innovation? ›
- Uncertain Outcome: Disruptive innovations involve a certain level of risk and uncertainty. Since they often target unproven markets or introduce novel technologies, their success is not guaranteed. Many disruptive innovations fail to gain traction or face significant challenges along the way.
Disruptive innovation requires access to ignored or overlooked markets and technology that can transform a product into a more accessible and affordable one. To be disruptive, the network of partners—suppliers, contractors, and distributors—also must benefit from the new, disruptive business model.
What are the barriers to responsible innovation? ›
Identified 5 key barriers: Lack of Data, Need for Ensuring Marketability & Use, Lack of Product Oversight, Need for Increased Collaboration, and Lack of Adequate Training & Workforce.
What are the four 4 points to identify disruptive innovation? ›
This illustration shows four important elements of the theory of disruptive innovation: (1) sustaining innovation, (2) overshoot of customer needs, (3) the emergence of a disruptive innovation to which incumbents have the ability to respond, and (4) incumbent firms floundering as they are disrupted.
