Radical change occurs in industries when an innovation results in the obsolescence of previous technology and drives old-line companies out of business.

Question

Radical change occurs in industries when an innovation results in the obsolescence of previous technology and drives old-line companies out of business. ​

Quizplus · Accepted Answer

This phenomenon is known as "disruptive innovation," where a new technology or method significantly changes the way industries operate, often making older technologies or practices obsolete and leading to the decline or failure of companies that cannot adapt.

Radical Change Occurs in Industries When an Innovation Results in the Obsolescence