A dynamic model of disruptive innovation in the space of market recognition

Date of publication: May 10, 2006

Catalogue: Innovate 2006

Abstract:

This paper presents a model for understanding how markets can be created in the space of market recognition. In an earlier paper, the authors suggested the failure of incumbent firms in the face of a disruption can be ascribed to three broad causes: a failure to see the disruption, a failure to act upon it by developing radical products, and a failure to successfully launch these radical products. This paper focuses on the first two causes: See and Act, and proposes an alternative, 'organic' view of see and act that integrates them into a continuous process of market creation.

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