Factors Affecting Destructive Innovation: A Review
DOI:
https://doi.org/10.31674/ijrtbt.2023.v07i02.007Abstract
The goal of this study is to open a new road for the development of Chinese businesses by illuminating the mechanism by which destructive innovation provides late-stage businesses with unique development chances and the path of effective catastrophic change. To achieve this, this paper examines the characteristics and transformation of initially destructive advancements. This study shows how destructive innovation undermines industry competition laws whenever the customer value system changes dynamically and how replacing the original technology is an inevitable trend of industry development. Additionally, this study also focuses on the effects of internal and external factors that change the course of an industry. The study also included the importance of small and medium-sized businesses in the Chinese economy. Moreover, this study is from different angles and viewpoints and shows how innovative technologies can be helpful for the progression of a country and its businesses.
Keywords:
Chinese Businesses, Destructive Innovation, Small and Medium Size Business, Innovative TechnologiesDownloads
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