tag:blogger.com,1999:blog-7866956656308919361.post9101092631777642105..comments2024-03-28T09:09:36.933-07:00Comments on From Jugaad to Systematic Innovation: Disruptive & Radical Innovation: How are they different?Rishikesha Krishnanhttp://www.blogger.com/profile/07450841047810068098noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-7866956656308919361.post-74085842929751667522012-08-22T01:13:34.457-07:002012-08-22T01:13:34.457-07:00Thanks for this post Rishi. I found it very useful...Thanks for this post Rishi. I found it very useful in understanding the difference between the two concepts. In particular, I liked how the two concepts differ in what they do to the performance.Vinay Dabholkarhttps://www.blogger.com/profile/02007011866370283276noreply@blogger.comtag:blogger.com,1999:blog-7866956656308919361.post-386402270035142422012-08-18T09:50:19.700-07:002012-08-18T09:50:19.700-07:00Thanks for sharing this with us. I was in the EGMP...Thanks for sharing this with us. I was in the EGMP class where this was discussed.<br /><br />I felt that the definition of disruptive innovation is purely based on market impact. The wikipedia defines it as: "A disruptive innovation is an innovation that helps create a new market and value network, and eventually goes on to disrupt an existing market and value network (over a few years or decades), displacing an earlier technology." <br /><br />This typically has the 3 characteristics identified by Christiansen ( I had read the book a while back). In my view the 3 characteristics is not sufficient to characterize an innovation as disruptive. It has to disrupt an existing market.Ebi's Journalhttps://www.blogger.com/profile/16128592471625363035noreply@blogger.comtag:blogger.com,1999:blog-7866956656308919361.post-78623532822330442932012-08-18T07:10:41.615-07:002012-08-18T07:10:41.615-07:00It is a well debated topic among the innovation sc...It is a well debated topic among the innovation scholars. To understand the "Successful" Innovation, we need to go into the definition of innovations. In the Schumpeterian tradition success is measured in terms of economic or commercial success. However, there are scholars who consider various factors to measure success of innovation other than commercial success. Such as if innovator himself, or expert in the field or future prospects (which somehow not materialised)are the parameters to consider innovation as successful. These approaches not only measure the success but also broaden the definition of innovation.Hemanthttps://www.blogger.com/profile/08262656252339053470noreply@blogger.comtag:blogger.com,1999:blog-7866956656308919361.post-79397451007822629472012-08-17T10:11:43.732-07:002012-08-17T10:11:43.732-07:00Sometimes I believe,the term "Innovation"...Sometimes I believe,the term "Innovation" is related only to success. If it is not successful, it is only "a failed IDEA". Only when it is successful it is termed Innovation.Ramakrishnan IIMB EGMP23noreply@blogger.comtag:blogger.com,1999:blog-7866956656308919361.post-6527509550931766082012-08-17T00:58:33.225-07:002012-08-17T00:58:33.225-07:00While acknowledging the differentiation between th...While acknowledging the differentiation between the two types of Innovation, there still exists a question in the mind as to whether the line is becoming thinner and thinner between the two. Is there a possibility of a change from what started as disruptive becoming a radical innovation over a period of time? The example of Microfinance for instance, initially started as either a savings mechanism or a liability mechanism depending upon the models of the groups either as JLG or SHG. Once the basic discipline was established, the next step was to progress towards scaling up the impact and this required a much stronger technology and compliance focus. The models in themselves are now enabling progress further towards a much larger participation by the BOP population in areas which were hitherto not happening. On a personal basis I have been part of an initiative which moved the relationship from a pure lending one to an all-encompassing one where in we had enabled Healthcare (through health camps), Education (through training programs), Awareness (regular campaigns through simple usage of newsletters and as part of the loan pass-book) and Livelihood (Funding specifically for Cattle and enabling the proper usage of marketing systems. We had also initiated contacts with large organizations like HUL to promote "Pureit" water filters through the usage of Microfinance intervention. Does this sort of impact mean "What actually started as a disruptive innovation can actually become radical through continuous participation of various players and technology"? There have been some initiatives like rangde.org which have progressed further by using the internet to source donors for their Microfinance initiative. And finally, will Microfinance actually classify as a radical innovation since it was started since the existing mechanism of Bank finance was not addressing the financial inclusion requirements in the manner they ought to have. That's where I feel the line is thinning considerably.Ramakrishnan IIMB EGMP23noreply@blogger.comtag:blogger.com,1999:blog-7866956656308919361.post-7163857830861512562012-08-16T20:37:42.506-07:002012-08-16T20:37:42.506-07:00Its interesting to know which will be a successful...Its interesting to know which will be a successful innovation and which will not. How do you define a success in innovation?A FinGineering Disciplehttps://www.blogger.com/profile/11268129893711544485noreply@blogger.com