Many people may consider that they are familiar with the term disruptive Innovation. Before attempting to discuss this topic, it would be prudent to first define what is innovation.
Definition of Innovation
The process of translating an idea or invention into either goods/products or services that creates value or for which customers will pay. Here customers can either be external customers or internal customers for example the ICT team can come up with an innovation which allows finance – accounts payable department process payments faster and efficiently reducing the number of people and time spent in processing.
To be called an innovation, an idea must be replicable at an economical cost and must satisfy a specific need. Innovation involves deliberate application of information, imagination and initiative in deriving greater or different values from resources, and includes all processes by which new ideas are generated and converted into useful products. In business, innovation often results when ideas are applied by the company in order to further satisfy the needs and expectations of the customers.
Definition Disruptive innovation
Disruptive innovation, a term of art coined by Clayton Christensen, who describes it as a process by which a product or service takes root initially in simple applications at the bottom of a market and then relentlessly moves up market, eventually displacing established competitors
This definition is what derives The theory of disruptive innovation which if applied by an organization, will reduce/eliminate complicated, expensive products and services with simplier and affordable ones.
The Theory of Disruptive innovation demonstrates that thre are actually two different trajectories of performance improvement in every market.
Trajectory one – Sustaining Innovation
This is the trajectory of continual improvement of a product or service that is introduced by companies over time. Although these innovations can be either small and incremental or dramtic breakthroughs they tend to sustain the existing trajectory of performance improvement. Sustaining innovation results in better products that can be sold for higher profits to the best customers.
Trajectory two – Disruptive Innovation
The trajectory of disruptive innovation is made possible because innovation gets started through two types of markets that incumbents overlooks
Low-end footholds
This exists because incumbents typically try to provide their most profitable and demanding customers with ever improving products and services, and they pay less attention to less demanding customers. This opens the door to a disrupter focused(at first) on providing those low-end customers with a “good enough” product.
new-market footholds
This is where a disrupter creats a market where none existed ie they find a way to turn nonconsumers into customers.
Impact of Disruptive Innovation on Value
With disruptive innovation, upstart companies, in an effort to deliver more affordable and accessible solutions are maode to away once dominant firts with alarming regularity, often before the incumbents and their leaders realize that their days are numbered.
Disruptive Technologies And Business-Model Innovations
The starting point of a successful business model is its value proposition: a product or service that helps customers get a job done more effectively, conveniently, and affordably. The role of the managers in this process to bring together a set of resources (people, suppliers, intellectual property – IP, equipment, budget) required to deliver the value proposition. As employees and other resources repeatedly work together to generate the product, processes emerge and become ingrained in the business model. Finally, a profit formula materializes, which defines the pricing, mark-ups, gross and net profit margins, asset turns, and volumes necessary to profitably cover the costs of the resources and processes that are required to deliver the value proposition. Over time, an established business model begins to determine the types of value propositions an organization can and cannot deliver. In other words, once the pieces of a business model have coalesced to deliver a particular value proposition, the causality of events begins to work in reverse—only value propositions that fit the existing resources,processes, and profit formula of the organization can be successfully taken to market
A Typology Of Business Models
In general, business models can be categorized into three types: solution shops, value-adding process businesses, and facilitated user networks.
Solution shops
Solution shops are institutions built to diagnose and solve unstructured problems. Consulting firms, advertising agencies, research and development organizations, and many law firms employ this type of business model. These solution shops deliver value primarily through the people they employ—experts who draw upon their intuition and problem-solving skills to diagnose the cause of complicated problems and recommend solutions—and successful firms are those that can attract the best talent. Solutionshop work tends to be unique for each customer, who is often quite willing to pay very high prices in return.
Value-adding process businesses
These businesses transform inputs of resources, such as people, equipment, raw materials, energy, and capital, into outputs of greater value. The business model is built to do this in repetitive ways so that the organization’s capabilities are embedded more in its processes than in its resources. Although some value-adding process businesses may be more efficient than others, as a whole they focus their attention on process excellence that can deliver high-quality services and products consistently at a lower cost, and they are less affected than other types of businesses are by the variability that occurs when outcomes depend on people’s intuition. Often, results can be guaranteed or redone free of charge. Retailing, restaurants, automobile manufacturing, and petroleum refining are examples of this type of business model.
Facilitated user networks.
User networks are enterprises in which the same people buy and sell and deliver and receive things to and from each other. In these types of businesses, the companies that deliver value and make money are those that facilitate the effective operation of the network and its user transactions. Mutual insurance companies are usernetwork businesses—customers deposit their insurance premiums into a collective pool, and they take claims out of it. Telecommunications companies, which facilitate calls and data transfers among their customers,as well as the online auction site eBay, stock exchanges, and many activities of banks are also user-network businesses.
Conclusion
When moving towards the Disruptive Innovation in an organization, the appropriate solution is to encourage the development of disruptive business models that can assume a greater share of the workload. By coupling technological advances with appropriately matched business models, disruptive innovation can bring about affordability and accessibility to industries ranging from steel making to personal finance. It is also worth pointing out that some organizations have achieved Distruptive innovation through Lean Six Sigma. Lean Six sigma has been the key driver for performance improvement for many companies, including more than 50 percent of the Fortune 500 companies. One CEO from a Fortune 500 copmany pointed out that his company used tactical innovation within the DMAIC methodology to generate the savings needed to fund the strategic or disruptive innovation that was launched at the corporate level.
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Joaquin Phoenix has revealed that he spoke with filmmaker Christopher Nolan about playing Joker which
ultimately went to Heath Ledger.
The 50-year-old actor – whose latest flick Joker: Folie À Deux could be streamed now –
got candid about potentially playing the supervillain before he
actually portrayed him.
Joaquin recently appeared on Rick Rubin’s Tetragrammaton podcast
as he revealed that he spoke to the 54-year-old Oscar-winning filmmaker
Nolan about portraying Joker over a decade before.
He said: That didn’t… wasn’t going to happen for a number of reasons.
I wasn’t ready then.
‘That’s one of those things sometimes where you go: “Why am I not doing this project? What is stopping me from doing this? Well it’s not about me, there’s something else. There’s another person that’s going to do something that’s like, I can’t imagine what it would be if we didn’t have Heath Ledger‘s performance in that film.”‘
Joaquin Phoenix has revealed that he spoke with filmmaker Christopher Nolan about
playing Joker which ultimately went to Heath Ledger
In 2020, Joaquin earned the Best Lead Actor Oscar for Todd Phillips directed Joker which was 11 years after
Ledger (pictured) posthumously earned Best Supporting Actor for The
Dark Knight in 2009
Read More
Joker: Folie À Deux heading to streaming after box office flop
In 2020, Joaquin earned the Best Lead Actor Oscar for Todd Phillips directed Joker which
was 11 years after Ledger posthumously earned
Best Supporting Actor for The Dark Knight in 2009.
Joaquin continued: ‘I don’t know whether Christopher Nolan was coming
to me saying, “You are definitely the person.”
‘I can’t remember the context of how we met. But I know
that we met, and my feeling was, “I shouldn’t do this.” But maybe he also
was like, “You’re not the guy.” I couldn’t say.’
Heath died in a New York City apartment on January 22, 2008, after accidentally overdosing
following months of physical and mental exhaustion.
The Dark Knight actor died aged 28 after taking a fatal
cocktail of drugs, leaving behind his daughter, who was two years old at the
time.
Meanwhile Joker: Folie À Deux can now be streamed, just weeks after its
theatrical release.
The movie, starring Joaquin Phoenix and Lady Gaga, is now available to rent from home starting October 29, in an effort
to recoup some of Warner Bros. investment into the film, as per Variety.
The musical, which bombed at the box office, is ‘poised
to lose at least $150 million to $200 million in its theatrical run’
according to the publication.
Joaquin recently appeared on Rick Rubin’s Tetragrammaton podcast as he revealed that he spoke to the 54-year-old
Oscar-winning filmmaker Nolan (pictured in January) about
portraying Joker over a decade before
Heath died in a New York City apartment on January 22, 2008, after accidentally overdosing following months
of physical and mental exhaustion. Pictured Heath in 2006
Read More
Terrifier 3 dethrones Joker: Folie À Deux as box office champ
The movie studio spent about $200 million to produce the film and
about $100 million on marketing and distribution,
according to the report.
It would need to gross about $450 million at the box office to
break even — when factoring in the cut taken by theaters — though Warner Bros.
sources claim the number is $375 million.
A Warner Bros. spokesperson responded to the report, saying ‘Any estimates
suggested by anonymous “insiders” or “rival executives” are grossly wrong and continues a trend where
rumor is reported as fact.’
‘The film continues to play in theatrical release, included
with this week’s opening in China, and will continue to
earn revenue throughout its home viewing and ancillary run.’
So far, the musical about Batman’s nemesis has grossed $51.5 million domestically and $165 million globally after two weeks of release.
In comparison, the first Joker grossed $96.2 million domestically and $248.4 million globally after
three days of release.
The hotly-anticipated sequel to the 2019 billion dollar Oscar-winning film was considered
a surefire hit for Warner Bros Pictures, yet ended up being slammed
by critics and failed to ignite at the box office.
Joker: Folie À Deux has garnered the lowest CinemaScore in comic book movie history
as the film bombed at the box office on opening night.
The psychological musical thriller — which has been criticized as ‘bleak’
and ‘disappointing’ — officially released in theaters on Friday, October 4.
Joker: Folie À Deux, starring Joaquin Phoenix and Lady Gaga, can be streamed now, just weeks after its theatrical release; Phoenix
and Gaga seen in a still
The movie will be available to rent from home starting October
29, in an effort to recoup some of Warner Bros. investment into the film, according to Variety
The film is ‘poised to lose at least $150 million to $200 million in its
theatrical run’ according to the publication
The sequel to the 2019 billion dollar Oscar-winning film
was considered a surefire hit for Warner Bros, yet ended up being slammed by
critics and failed to ignite at the box office
Phoenix reprised his role as the Joker in the sequel, which
had earned him an Oscar for his portrayal in the 2019 film, while Gaga took on the role of Harleen Lee Quinzel (Harley Quinn)
Phoenix reprised his role as the Joker in the sequel, which had earned
him an Oscar for his portrayal in the 2019 film, while Gaga took on the role of Harleen Lee Quinzel (Harley Quinn).
However, Joker: Folie À Deux has been given a D
rating on CinemaScore — the lowest score for a comic book movie.
Madame Web — which notably also flopped in theaters earlier this year and also
received terrible reviews — holds a higher score with a
C+.
On Rotten Tomatoes, the movie currently holds an audience score of 31% and
a critic score of 32%.
The sequel has been roundly criticized for being a musical and ‘ignoring’ the DC fanbase –
with an agent familiar with director Todd Phillips’ process
telling Variety he ‘wanted nothing to do with DC’ during the making of the film, with DC bosses James Gunn and Peter Safran notably absent from the
film’s LA premiere afterparty last month.
A source said: ‘If the first movie was about some down-on-his-luck, mentally ill guy in a downtrodden city,
it makes maybe $150 [million] worldwide. Not a billion. People showed up because that guy was Joker.’
In an apparent snub by Phillips, the opening sequence of the film does not include a DC Studios logo.
A Warner spokesman added that a DC logo appears at the end of the Joker sequel, while Phillips declined to comment
to the publication.
Several frictions are said to have developed between Phillips, DC and
Warner- with claims that Michael DeLuca, Chairperson of Warner Bros.
Entertainment, and CEO Pamela Abdy seemed ‘unwilling’ to say no to Phillips due to his huge past successes.
It is claimed Phillips would ‘only’ speak with DeLuca and Abdy rather than Gunn and Safran – who took control of DC two
months before production began on Joker 2 in December 2022.
Gunn and Safran did attend the first director’s cut screening for the studio
but Phillips fueled rift speculation when he
told a reporter: ‘With all due respect to them, this
is kind of a Warner Bros. movie.’
Warner Bros. Discovery CEO David Zaslav also met with Phillips
shortly after WarnerMedia and Discovery merged in April 2022 and was ‘open to filming in Los Angeles if the director would make the sequel at a lower
price point.’
The studio wanted to film in London which would have cost around 20
per cent less.
A source directly involved with the film recently shared: ‘The one thing about
genre stuff: If you don’t listen and pay attention to
what the fan expectations are, you’re going to fail’; director Todd
Phillips seen with Gaga and Phoenix at the LA premiere September 30
However, Phillips insisted on filming in LA with the budget
remaining static.
A Warner spokesman told the publication the studio ‘supported the decision to film in Los Angeles’.
A source directly involved with the film said: ‘No
one could get through to Todd. And the one thing about genre stuff: If you don’t listen and pay attention to
what the fan expectations are, you’re going to fail.
Insiders also claim studio bosses did not want to premiere the film at the Venice
Film Festival, but Phillips pushed back – with a Warner spokesman saying the studio ‘fully supported the decision to bring the film
to Venice.
Along with Gaga and Phoenix, other stars that had appeared in the sequel include Brendan Gleeson, Catherine
Keener, Zazie Beatz and Steve Coogan.
Christopher NolanJoaquin Phoenix
Dressing up for Thanksgiving can be tricky because you
want to strike a balance of style, comfort and practicality.
The day often involves a mix of eating, lounging, socializing, and possibly
outdoor activities so finding an outfit that’s both chic and cozy can be challenging.
Plus, with all the eating, your look needs to be forgiving at the waist but formal enough for all
the pics!
Daily Mail reveals the best colors, silhouettes, and shoes for every kind
of celebration.
Dressing up for Thanksgiving can be tricky because you want
to strike a balance of style, comfort and practicality
SPIRITED COLORS
Warm, earthy tones that mimic fall foliage are the best colors to wear on Turkey Day.
While black may seem like a logical choice for
eating a large meal, festive tones like burnt orange,
mustard yellow, forest green, browns and burgundy are a beautiful alternative for the season.
Burnt orange: Evokes feelings of comfort and warmth, and is associated with
foliage, fireplaces, and pumpkins.
Mustard yellow: Captures the essence of the season by resembling the color of changing leaves.
Forest green: Associated with nature, it aligns with the
theme of the holiday.
Browns: Perceived as warm and inviting, brown shades like chocolate, caramel and
camel, are perfect for a family gathering.
Burgundy: This year’s hottest color, burgundy
lends an air of sophistication.
Cream: Natural yet elegant, the neutral creates
balance.
Gold: Adds a luxurious touch to any look.
Layering these color with textured fabrics, like knits or
suede and a touch of silk, can create a stylish, seasonally appropriate
look.
Shades that represent fallen leaves lend a rich, cozy feel and festive tone
Bryce Dallas Howard attended the Prime Video Presents “Trailblazers” Showcase at Queen Elizabeth
Hall in London, England looking seasonally appropriate
Bryce Dallas Howard attended the Prime Video Presents “Trailblazers” Showcase at Queen Elizabeth Hall in London, England looking seasonally appropriate.
The actress donned a light brown pleated dress topped by a dark brown leather
blazer, both by Cinq à Sept.
Finishing her monochromatic look was a pretty, pale pink beauty
look.
This is a sharp ensemble for Thanksgiving day.
NON-RESTRICTIVE SILHOUETTES
Comfortable and forgiving waistlines are highly desired on Thanksgiving.
Elastic waistbands: The stretch of the fabric allows for stomach expansion and a second serving of
dessert!
Empire waist: The fitted bodice ends just below
the bust (instead of at the waistline) and extends to a flowing skirt.
Drawstring: Allows for easy adjustments throughout the day
offering a more relaxed fit than a traditional button and zipper closure.
A-line: Flaring out at the hips, the “A” shape provides movement
without the discomfort of a waistband.
Wrap style: Most are made from soft, stretchy fabric, allowing the wearer to tighten or loosen the garment as needed.
Anna Kendrick was spotted on the streets of New
York in a very festive look to promote her Netflix hit, ‘Woman of the Hour’,
in burgundy
Anna Kendrick was spotted on the streets of New York in a very festive look to promote her
Netflix hit, ‘Woman of the Hour.’
The actress put her petite frame on display in a velvet mini dress featuring an empire waist by
Italian label La DoubleJ.
She paired the comfortable dress with tights, a
crossbody bag, and velvet platforms heels in the same shade.
Shop it: Laura Geller Cheek Tint, now $16.80; laurageller.com.
Mary Jane Show by Mar Soreli, $165; marsoreli.com.
Shimmery Jacquard Weave Dress by H&M, $49.99; hm.com.
Shop it: Off-the-Shoulder Dress by H&M, $39.99; hm.com.
Studded Leather Mules by Chloe, $950; net-a-porter.com.
Aimee Suede Blazer by L’Agence, $1,650; lagence.com
EFFORTLESS SHOES
The best shoes that offer style without sacrificing comfort
are mules, low-heel booties, loafers, ballet flats, and
knee-high boots.
Mules: Extremely easy to slip on and off, and they can be dressed up
or down.
Low-heel booties: They can complement and elevate a variety of outfits.
Loafers: Currently trending, durable, and more elegant than a sneaker.
Ballet flats: Cute and comfortable enough to wear
for hours of mingling and feasting.
Knee-high boots: Provide warmth and coverage
to legs when wearing a dress or skirt that hit above the knee.
Headed out on Thanksgiving-Eve? Turn to supermodel and actress Rosie Huntington-Whiteley for outfit inspiration
Shop it: Bianca Sherpa Jacket by The Noli Shop, $178; thenolishop.com.
Deesha Bootie by Naturalizer, now $165; naturalizer.com.
Mid-Rise Pants by Gap, $69.95; gap.com
Headed out on Thanksgiving-Eve? For many, this is a celebratory night to reconnect with old family and friends.
Dressing in a look you feel confident in can make these reunions that much better.
For outfit inspo, turn to supermodel and actress Rosie Huntington-Whiteley.
The star was spotted on the streets of Paris looking tres chic in an all-black
look topped by a brown leather jacket.
Shop it: Simone Faux Shearling Bag by A.L.C., $195; alcltd.com. Maysale 50 buckled suede mules by Manolo
Blahnik, $795; net-a-porter.com. Devore Floral Tie Front Chiffon Maxi Dress by Rare
London, $150; nordstrom.com
Monica Barbaro’s ensemble at Variety’s 2024 Power
Of Women: Los Angeles Event strikes the perfect balance between elegance
and comfort
Wearing a formal gown on Thanksgiving night can make the holiday
feel more special.
Dressing up signals respect and appreciation for the
people and the occasion, so why not seize the day in a dress you love!
Monica Barbaro’s ensemble at Variety’s 2024 Power Of Women: Los Angeles Event strikes the perfect balance between elegance and comfort.
The actress donned a chiffon burnout velvet flower slip dress in a festive red shade by Rodarte,
with matching shoes.
Bryce Dallas HowardNew YorkLondon
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