| business model | The way in which an enterprise intends to make money.
|
 |
|
|
| cognitive schema | A manager's mental model of the world his or her enterprise inhabits.
|
|
|
|
| disruptive technology | A new technology that gets its start away from the mainstream of a market and then, as its functionality improves, invades the main market.
|
|
|
|
| heavyweight product manager | A manager who has high status within an organization and the power and authority required to get the financial and human resources that his or her team needs to succeed.
|
|
|
|
| incremental innovations | Innovations that represent improvements in product functionality within an established technology.
|
|
|
|
| organizational inertia | Internal and external forces that make it difficult to change the strategy or organization architecture of an enterprise.
|
|
|
|
| paradigm shift | Occurs when a new technology or business model comes along that dramatically alters the nature of demand and competition.
|
|
|
|
| punctuated equilibrium | A view of industry evolution asserting that long periods of equilibrium are punctuated by periods of rapid change when industry structure is revolutionized by innovation.
|
|
|
|
| quantum innovations | Innovations that incorporate new technology and disrupt competition, shifting the dominant paradigm.
|
|
|
|
| strategic commitments | A firm's investments in tangible and intangible assets to support a particular way of doing business (a particular business model).
|