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Mahesh Joshi and James R. Klein

Print publication date: 2018

Print ISBN-13: 9780198827481

Published to Oxford Scholarship Online: September 2018

DOI: 10.1093/oso/9780198827481.001.0001

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Disruptive Technologies Driving Growth

Disruptive Technologies Driving Growth

Chapter:
(p.105) 14 Disruptive Technologies Driving Growth
Source:
Global Business
Author(s):

Mahesh K. Joshi

J.R. Klein

Publisher:
Oxford University Press
DOI:10.1093/oso/9780198827481.003.0014

Since the dawn of the industrial revolution, technologies have had a disruptive impact on business and society. The proliferations of technology-based start-ups in the last decade are significant change agents for job creators and creators of business environments. Marginal improvements are creating disruption and new business models by building upon the disruptive power of technology. Mobile phones have become an extension of our arm with an average person checking it 150 times a day. These amazing changes are not the beginning and are certainly not the end. The primary change driver has been technology and today things are changing even faster. This is beginning to drive a reduction in poverty, an increase in labor standards, greater access to consumer goods, and the facilitation of cultural exchange. Cost-of-living improvement is, on a grander scale, staging for a brave new world of peace.

Keywords:   Disruptive technology, industrial revolution, new business model, poverty reduction, labor, culture, growth

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