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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. The term is used in business and technology literature to describe innovations that improve a product or service in ways that the market does not expect, typically first by designing for a different set of consumers in the new market and later by lowering prices in the existing market. In contrast to disruptive innovation, a sustaining innovation does not create new markets or value networks but rather only evolves existing ones with better value , allowing the firms within to compete against each other's sustaining improvements.
Explore Tax Identity Theft Resources Theft of a person’s identity to falsely claim a tax refund is on the rise and it affects thousands of taxpayers who cannot receive their refund until the IRS can determine what happened. Visit the AICPA’s ID Theft Tools webpage for articles and tips for practitioners and taxpayers to prevent identity theft and actions to take if it happens. Discover the CGMA Designation The CGMA designation elevates management accounting and showcases your value around the world.
Mentorship is a critical part of the BoomStartup model. It can often be the key to success for many companies.