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Crucial for the establishment and prosperity of entrepreneurial activities is a culture that promotes venture, risk and accepts business failure. An innovation cluster requires an even stronger propensity towards these values as they are instrumental for "the germination of new technologies at an astounding rate".
An 1880 penny-farthing (left), and a 1886 Rover safety bicycle with gearing. In business theory, disruptive innovation is innovation that creates a new market and value network or enters at the bottom of an existing market and eventually displaces established market-leading firms, products, and alliances. [1]
Clayton Magleby Christensen (April 6, 1952 – January 23, 2020) was an American academic and business consultant who developed the theory of "disruptive innovation", which has been called the most influential business idea of the early 21st century.
The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail, first published in 1997, is the best-known work of the Harvard professor and businessman Clayton Christensen.
These principles embody the most efficient methods for conducting business in the context of the particular technological innovations and leveraging them to modernize the broader economy. Once widely adopted, these principles form the foundational "common sense" for organizing activities and structuring institutions across diverse sectors. The ...
China’s robust growth, one of the fastest sustained expansions for a major economy in history, was propelled for decades by a housing boom fueled by a rising population and urbanization.
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Scaling is regarded the last step after the discovery, proof of concept and piloting of an innovation. In business it is often used as maximizing operational scale of the product. [1] This technology, or project-focused scaling takes products and services as the point of departure and wants to see those to go scale.