IDENTIFICATION, CLASSIFICATION, AND PRIORITIZATION OF RISKS ASSOCIATED WITH A DISRUPTIVE TECHNOLOGY PROCESS

Anirban Ganguly (), Roshanak Nilchiani () and John V. Farr ()
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Anirban Ganguly: School of Systems and Enterprises, Babbio Building, 5th Floor, Stevens Institute of Technology, Castle Point at Hudson, Hoboken, NJ 07030, United States of America
Roshanak Nilchiani: School of Systems and Enterprises, Babbio Building, 5th Floor, Stevens Institute of Technology, Castle Point at Hudson, Hoboken, NJ 07030, United States of America
John V. Farr: School of Systems and Enterprises, Babbio Building, 5th Floor, Stevens Institute of Technology, Castle Point at Hudson, Hoboken, NJ 07030, United States of America

International Journal of Innovation and Technology Management (IJITM), 2011, vol. 08, issue 02, 273-293

Abstract: Disruptive technology (DT) is an emerging technology whose arrival in the marketplace signifies the eventual displacement of the existing dominant technology. Identifying and assessing the risks associated with the various phases of a DT process is one of the key challenges a firm developing the technology might encounter. This paper identifies, classifies, and prioritizes a set of possible risks associated with different phases of a DT process. The paper presents ideas that differ from traditional risk assessment for new product development in that DT occurs at a different pace. These results can be used to develop a technology as well as a risk mitigation strategy.

Keywords: Disruptive technology; disruptive technology process; risk identification; risk classification; prioritizing risks (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (1)

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DOI: 10.1142/S0219877011002313

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