Asked by Aiysha Edwards on Jun 27, 2024
Verified
Disruptive innovation refers to the belief that many emerging and developing markets (Brazil, India, China, and others) are driving innovation of simple, no-nonsense products and services that replicate more complex offerings available in the developed markets.
Developing Markets
Those markets in countries that are in the process of rapid industrialization, offering growth opportunities but also posing risks due to their emerging nature.
- Discern innovative technologies, notably IoT, AI, and predictive analytics, and their significance for the governance of supply chains.
Verified Answer
MB
Maryam BoustanJun 27, 2024
Final Answer :
False
Explanation :
Disruptive innovation refers to a process where a smaller company with fewer resources is able to successfully challenge established incumbent businesses by targeting overlooked segments, offering a simpler, more convenient, or more affordable product or service that appeals initially to the most sensitive customers, eventually overtaking the mainstream market. It does not specifically refer to the innovation dynamics between emerging/developing and developed markets.
Learning Objectives
- Discern innovative technologies, notably IoT, AI, and predictive analytics, and their significance for the governance of supply chains.
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