Once known as disruptive technology -- the fresher term alludes to an advancement that uproots a previous development. Said advancement can create a new market or value network. The term innovation gives the idea that it needn't be a brand new technology, only an improvement for a prior one.
Armed with shopping bag and credit card, consumers applauded the release of the first iPod in 2001. With 5 GBs of storage and the slogan “1,000 songs in your pocket”, the iPod quickly became an overnight success. Now different versions can hold up to 160 GBs and 40,000 songs. An HD color screen replaced the orighinal black and white screen.
I spent part of last Saturday setting up for Christmas. After going through the tough part of getting the tree and carrying it up a cramped flight of stairs it was time to decorate it. This meant getting the bags, totes, and ornament boxes upstairs as well. My mother buys a new ornament every year and seemingly has done so forever. Her ornaments date back to the ’50s and spend the majority of their time stored in her basement covered in tissue paper.