As a Blockchain enthusiast and seeker of new trends and innovative enhancements in technology, I have developed an interesting relationship with disruptive technologies and their foreseeable futures of revolutionary change.

WHAT IS DISRUPTIVE INNOVATION

To stay ahead of the competition, regardless of the industry, you will have to continually devise new ways to draw in new consumers, retain the current ones and overall revamp daily operations in order to ensure that all products and services provided are surpassing expectations. Innovation is, at its core, the process of turning the ideas that you have for change, into reality. Disruptive innovation, however, is the displacement of competitors, by a product or service that is originally at the bottom of the barrel, yet through the course of their innovative path, proves to shake up the existing market and change the status quo.

Disruptive technologies are developed in specific niche markets, appearing unimportant, albeit minor in comparison to their big budget, bigger name counterparts, however, in due time, these new products and/or services, redefine the state of the industry, displacing market leaders by opening room for new market and value networks.

THE DISRUPTIVE MINDSET

Now that we have a clear understanding of what ‘Disruptive Innovations and/or technology’ is, we are going to review the competencies of the individuals that choose to shake up these markets. Most of the disruptive innovators require a mindset that focuses in on creating something that fundamentally pushes the market further, guaranteeing that all efforts made will add up to heightened market value.

In addition to the disruptive innovators efforts to propel the market further, they safeguard their overall mentality and creativity by surrounding themselves with like-minded individuals in order to continually enhance and expand their creative thinking capabilities. While they solve problems with strategic methods, the limits to their growth are nonexistent as they push limits and encourage disruptive thinking.

Moreover, disruptive innovators are dedicated to managing their teams through their own personal uncertainty. In situations that would cause the ordinary leader to fold and retreat, disruptors have learned to easily and quickly adapt to changing circumstances, making modifications when it is necessary, and in some cases, starting completely over.

Basically, those who aim to disrupt the market are poised to break the rules, making new ones along the way and positioning themselves at the forefront of change.