Disruptive innovations
1. appearance of something that did not exists before ex...(ipod, internet, telephone)
2. appearance of something that competes aggressively with existing market ex... (a new item at a tenth of a price of any existing item)
we need to come up with a new product which enriches our lives. we need to address following,
- what will it do (functionality) ------ requirement of the product,
- what functionalities it cover,
- how we currently do those functionalities
can we do it (feasibility) ----- skills need to develop it,
- organization,
- cost required,
- sufficiency
do we want it? (Acceptability)--------- human issues,
- performance of new product, compare with currently how manage to do the functionalities,
- adoptability,
- the market analysis, revenue/ what we get back from the introducing new product
do we want to risk it (consequences) -------- what could go wrong,
- risk management