When the train replaced the horse carriage as a major form of transport, many horse carriage-related businesses closed shop. The horse was not fashionable anymore.
When the car replaced the train, many train-related jobs and businesses were lost whilst car-related businesses sprouted and made money.
Imagine when the Star Trek transporter is invented and sold at an affordable price right now. Will your business survive?
Disruptive Innovation
Disruptive innovations replace a dominant technology or way of doing things and most other businesses related to it when something much better comes along. In a theoretical sense, if the Star Trek transporter becomes a reality, then entire industries would be lost as well as new businesses will be created.
To read the full, original article click on this link: Small Business Planning - Jobs From Home Disruptive Innovation
Author: Melvin Tandoc
