What are business disruptions?
The term ‘disruption’ has become a bucket word holding many imprecise concepts and definitions. That’s unfortunate because the fate of many established businesses (incumbents) will depend on their ability to identify, cope with, and exploit disruptive changes. Compounding these challenges is the accelerating pace of technological progress, which guarantees increasing disruptions across markets in the years ahead. Characteristics of disruptions Incumbents continue to face si