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Hallmarks of Disruptive startups
By admin
December 7, 2021

Hallmarks of Disruptive startups

What are Disruptor Startups?
What are its objectives?
What is its significance in a situation like a pandemic?
What is its scope? advantages?

‘If you think of progress in mind, innovation will follow.’

To understand the concept of ‘disruptor startups’ one must delve into the term of disruption. Initially, disruption was used in a negative context but now the word has taken a new face-off once it entered the business field. It created an optimistic approach and added sophisticated meaning to the term. Disruption has propelled unparalleled significance in the global market.

The onset of new ideas takes over the older ones. A changeover is needed to something monotonous. The transformation adds more value and aligns it with the latest developments and becomes a trendsetter in the industry.

Today, leading companies have embraced the concept of a disruptor. Since disruptive ideas are fast-growing and new business strategies streamline potentiality to sustain business in the market.

Disruptors can be in the form of a person, company, or technology. They include entrepreneurs, stakeholders, business analysts, market specialists, and likewise whose influence impacts the market operations from its roots.

Clayton Christensen was the first one to use the phrase ‘Disruptive innovation’. He explains the term as a process in which an underrated product or service gains popularity that’s enough to replace or displace a standard product or service.

The main objectives of disruptors emphasize scaling a business, improvising existing products or services, at an affordable price, with the application of innovative strategies, that is impactful for consumer satisfaction meeting their demands and needs.

“Disruptors don’t have to discover something new; they just have to discover a practical use for discoveries.” – says Jay Samit

Significance

Disruptors have the potential to overthrow old business strategies to increase the efficiency and prodigious revenue of companies. The pandemic has turned the tables of disruptive startups creating a niche in the startup ecosystem. Ranging from healthcare to digital marketing startups are grabbing opportunities to ace on top.

Key points to become a Disruptor- 

  1. Start from square one
  2. Think solutions to existing problems
  3. Use innovation and technology

Disruptors or challengers advocate a change generally to create value with their innovative ideas and by initiating products in the market to replace the existing companies at the hub of the business field.

The innovation in this context chips away from the base of the business in the industry. There is greater demand for less expensive products or services and radical alternatives to meet the needs of the consumers. Some of the examples of disruptors are- Skype, Wikipedia, Netflix, LED’s, E-mail, Google Maps, etc.

Disruptors play an important role to renew the existing marketing trends.

According to the Economist magazine, it is found that the term disruptive innovation has been the most influential concept of the 21st century. In the pandemic situation, digital disruption has been the prominent disruption.

“An entrepreneur is an innovator, a job creator, a game-changer, a business leader, a disruptor, an adventurer.”- Richard Branson (Investor, philanthropist, and founder of Virgin Group)

Disruption the Gamechanger of the Digital era

Disruptive innovation refers to the entire sector that is evolved due to the disrupter over time.

The best example of successful disruptive innovation would be the OTT platforms like Netflix, Amazon Prime, Hotstar, and more. Online streaming emerged as alternatives to Cable TV, Satellite TV,set-top boxes, etc. Now with the Smart TVs which allow you to cast programs or music from your mobile phone makes it possible to access and watch at per viewers convenience.

Disruptive ideas have the potential to sustain for a long term in the market until another disruptor arises.

Ideas just pop like popcorn and shine like a flashlight. Being aware of the need of the hour and apt time to invest and the fund is essential for a disruptor. “Disruptor finds opportunity and profit from his misfortunes.”- Jay Samit

Disruptive startups emerge either accidentally or need improvisation. Therefore, let your innovative ideas bring a change to society, business, and the startup ecosystem.

The scope of disruption is vast and progress is awaiting. Innovations like 3D printing technology are on the rise. The future of startup disruption is like the Rubik’s Cube. Many startups have emerged as a disruptor contributing to the startup ecosystem.

Great innovations in history were disruptive; now history is repeated in the form of disruptive startups. Technology is evolving rapidly, improving the quality of life. A decade ago, it was impossible to imagine smart devices, sensors, cloud computing, data management, digital trends, etc. which we use today. Emerging trends like A.I., robotics, bioinformatics, IoT, IIot, offer enormous opportunities for budding startups currently.

Here are examples of some evolving disruptors:

  1. Web-based video disrupting Cable
  2. Online Ridesharing services like Uber, Ola have disrupted the traditional taxis, autos, and other commuting vehicles.
  3. Virtual reality is disrupting the business arena like interior designing, carmakers, and more.
  4. Augmented reality can disrupt mobile phones and navigation systems in all means of transport.
  5. Cryptocurrency has evolved to disrupt payment services like Bitcoin, WazirX, etc.
  6. Collaborative commerce is on the edge of disrupting the retail and e-commerce market.
  7. 3D printers are in progress in disrupting the manufacturing industry.

Are you ready to be the next disruptor? Seek opportunities that challenge your niche segment in the industry. To embark on the path of disruption, consider the prevalent needs to meet and mark your unique presence. We at Hyderabad Angels will be happy to assist you in funding and mentorship needs.

 For more information, please contact us at https://hyderabadangels.in/contact-us/

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