“The implementation of new technologies, products, or business models that represent a dramatic departure from the current state of the art in the industry” – J Birkinshaw, J Bessant, R Delbridge
For example, do you listen to your music on an MP3 player?
Perhaps you are still playing compact discs or maybe you are still using cassette tapes or even LP records.
Are you watching Blu-Ray movies or are you still watching DVD’s?
Maybe you are still watching films on VHS (or even Betamax!) video-cassettes.
All of the above technologies are examples of discontinuous innovation.
For you to move to the latest technology would result in you significantly changing your behavior.
One question often asked is that if we have to change our behavior then why would we want to use such a new technology and the answer is that the new technology creates substantial new benefits for its users.
Using the examples given earlier and thinking of the benefits…
To move tracks on an LP record you would have to lift the stylus and physically move it to the next track.
Then came cassette tapes where you could now press a button on the player to move forward to the next track but it wasn’t always easy to know when the next track started.
Then came CD players, where you could select exactly which track you want or even let the player choose tracks at random for you.
Next was the MP3 player, which as well as having excellent track selection features also enabled you to keep your entire music collection all on one device or sort/file your music by genre and other categories.
And more recently we have the likes of Spotify or Apple Music, etc. where for a subscription you can access almost any album or track that has ever been created!
What’s next, do you have that breakthrough idea? Please let me know, I’d love to invest!