Article: Downes &Nunes (2013) Big Bang Disruption
7 important questions on Article: Downes &Nunes (2013) Big Bang Disruption
But the strategic model of disruptive innovation we've all become comfortable with has a blind spot
Key 1 to survival: l is understanding that bigbang disruptions differ from more-traditional innovations not just in degree but in kind.
Key 2 to survival: develop new tools
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Surviving Big-Bang Disruption
Get closer to the exits, and be ready for a fast escape.
Joseph Schumpeter: “Creative destruction”, where capitalism destroys old industries and
economic systems in the process of innovating new ones.
Two sides of a Business model
To allow for better understanding of disruption, we split the business model into two sides.
Side 1: Value proposition = the value that a business offers to the customer.
Side 2: value network = the people, partners, assets, and processes that enable the business to create, deliver, and earn value from the value proposition.
• Includes things like channels, pricing, cost structure, assets, resources, and the customer segments on which a business is focused.
Once we can see any business model in terms of these two sides, we are ready to apply them in a new theory of how disruption happens
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
