Disruptive innovations are the innovations that are aimed at creating new openings of market as well as open new networks in the market. In this regard, they tend to replace an existing technology through the improvement of the products or services that were offered earlier (Reiser & Dempsey, 2012). This could translate to companies acquiring new customers who tend to understand the new technology and how to use the services and new products.
Additionally, disruptive innovations tend to lower prices in established markets even after changing the services that had been offered in the market previously (Reiser & Dempsey, 2012). Based on the above, the current classroom could suffer if they do not keep track to the current technological advancement and current innovations.
Market share could be one of the major reason attributed to lack of innovative spirit in many companies.Further, it could also lead to slow and sluggish online innovation.Further, this could be attributed to the fact that many companies opt to maintain their status quo or even fear that they could not cope with the stiff competition in the industry. As a result, many consumers could eventually settle to technologies that are rather imperfect (Reiser & Dempsey, 2012). Additionally, this could result to slow rate of growth in innovation and technological advancement in the classroom.
The current classroom could suffer the same fate as IDAC and IBM main frame because they require the new technology but due to insufficient funds to cater for the new technology they could not be in a position to adopt the new technology (Evans, 2002).
Additionally, the education sector tends to innovate at a slower rate than the user of the products who are the students. Further, when companies innovate at a faster rate than the consumers, the consumers could view the products as too expensive and complicated and hence could prefer to use the one they had been using before (Evans, 2002).Additionally, many companies tend to embrace the new innovations because they ensure that there are high profitability because the consumers are always willing to pay an extra cost for new products which is viewed as superior compared to the former.
Disruptive innovation is advantageous because it could allow consumers who formerly could not have afforded to purchase new products. Further, there could be a shift in purchasing power because a product or a service that was enjoyed by a given group of individuals earlier becomes affordable to a large number of people (Evans, 2002). Disruptive innovation is helpful to majority of the consumers because the prices of the services and products could be affordable by everyone including those who could not have previously afforded it.
Initially, disruptive innovations could not appear appealing to majority of companies because there could be low profits coupled with markets that are small in size (Manu, 2010).This could further mean that initially the market share could drop resulting to company making significant losses but later it could make big profits. Innovations could be termed as sustaining if they are related to technological change and on the other hand they are termed as disruptive if they are capable changing the market in question.
The current classroom could suffer if it does not keep in track with the current technological advancement. In addition, the market share could reduce if other companies could keep advancing technologically.Additionally,companies could sometime be hurt by disruptive innovations even if they really embraced technological advancements (Manu,2010).Further, the companies could view these markets as too small which on the other hand is reciprocated by high profit margins.Additionally,it is vital for the companies to heed and understand disruptive innovation because they could sometime affect even well managed companies.
References
Evans, N. D. (2002). Business innovation and disruptive technology: Harnessing the power of breakthrough technology– for competitive advantage. Upper Saddle River: Prentice Hall.
Manu, A. (2010). Disruptive business: Desire, innovation and the re-design of business. England: Gower.
Reiser, R. & Dempsey, J. (2012). Trends and issues in instructional design and technology (3rd Ed.). Boston: Pearson.