Essay about Globalization, Technology, And Innovation

3168 Words May 10th, 2016 13 Pages
Introduction In the mid to late 1990’s, the term “disruptive technology” was first used by Clayton Christiansen in his Harvard Business Review article Disruptive Technology. Since then, the term has grown to encompass a great deal. People also increasingly use it to mean more than what Mr. Christiansen originally described it to be. In fact, he looks back and feels that the words he used were not the best choice to describe his theory. To gain a better understanding of what this, or any, term means, the first place to go is the dictionary. In the case of Christiansen’s theory, the words disruptive, technology, and innovation are at the foundation. According to Merriam-Webster (2016) disruptive is defined “to cause (something) to be unable to continue in the normal way”, while technology is “the practical application of knowledge, especially in a particular area”, and innovation means “a new idea, device, or method”. After reviewing the definitions of the main terms in the theory, it is easy to understand how so many people use disruptive technology or innovation as a blanket term to cover a wide range of products in various industries. A poor grasp of what disruptive technology is may cause companies to use the wrong tools and make the wrong choices, resulting in falling short in their goals. Through a thorough review of the literature on the topic, one will arrive at a clear understanding of what disruptive technology is and know how to make the right decisions…

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