What is disruption?Disruption is something far more significant, especially for brands looking to set themselves apart in competitive markets.
Coined by current Harvard Business School professor Clayton Christensen in his 1996 book “The Innovator’s Dilemma: When New Technologies Cause Great Firms to Fail,” innovative disruption refers to the transformation of a product or a service in such a way that it makes it more affordable and more accessible to a wider audience.
These products start at the bottom, catering to a market that cannot afford the more expensive (and more popular) option. But, as in the case of the lure companies, by focusing on the bottom of the market, there is less competition and greater numbers who can afford the product.
One of the most prominent and most vivid examples of disruptive innovation is how smartphones disrupted the laptop market, which in the 1980s disrupted the desktop market, which itself disrupted the mainframe computer.
Disruptors enter the market at the bottom, where people or industries are being underserved, which is a result of the major players in a vertical choosing to go upstream and over-serve the market, often through added features and benefits people cannot use and don't need.
But while they continue to cater to the high end of the market, disruptors slide in and gobble up market share at the bottom, before moving upstream to challenge their biggest competitors as the former's products or services improve in quality, grow in popularity, and suffice as a viable option for even those with more discerning taste.