Why Can't Big Firms Simply Wait Until Disruptive Innovations Prove

question 30

Essay

Why can't big firms simply wait until disruptive innovations prove themselves before they invest in these new areas?

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Definitions:

Feasible Levels

Feasible levels indicate the range within which objectives or operations can be realistically achieved or maintained.

Opportunity Cost

The price paid by not choosing the second-best option available during a decision-making process.

Economy

The mechanism through which a society manufactures, allocates, and utilizes goods and services.

Opportunity Cost

The foregone benefit that could have been enjoyed if an alternative choice had been made.