Disruptive Innovations: Essence and Benefits
Shvidanenko G. O., Besarab S. O.

Shvidanenko, Genefa O., and Besarab, Svitlana O. (2018) “Disruptive Innovations: Essence and Benefits.” The Problems of Economy 4:162–168.
https://doi.org/10.32983/2222-0712-2018-4-162-168

Section: Economics and Enterprise Management

UDC 330.341

Abstract:
The aim of the article is to study the essence of the definition “disruptive innovations” and the nature of disruptive processes, which, according to the President of the World Economic Forum in Davos, K. Schwab, are the drivers of the Fourth Industrial Revolution and lead to fundamental changes in market values. The necessity of improving the categorical apparatus of the theory of disruptive innovations due to the emergence of disagreements between theoretical and applied aspects of its manifestation in the environment of world disruptive transformations is grounded. In particular, there carried out a comparative analysis of qualitative characteristics of supporting and disruptive innovations highlighting aspects that lead to the need to complement the essence of the latter. Taking into account these studies, the substantive content of the definition “disruptive innovations” is specified. There considered problems of using the theoretical base of disruptive processes in the domestic scientific literature, in particular, the emergence in the framework of the theory of disruptive innovations of a number of definitions that are identical in essence but different in name. The use of the term “disruptive innovations” as a form of selection in the field of innovations is argued. The organizational aspects of the introduction of disruptive innovations are investigated, and the need to prevent a shift of emphasis towards supporting innovations is substantiated. The critical prerequisites for and key principles of “disruptiveness” of innovations, the consideration of which significantly increases the ability of enterprises to realize their innovative potential, are identified. Further research will be aimed at developing measures to level the negative impact of disruptive processes on activities of business entities in the Ukrainian economy.

Keywords: globalization, Fourth Industrial Revolution, theory of disruptive innovations, disruptive innovations, supporting innovations.

Tabl.: 1. Bibl.: 10.

Shvidanenko Genefa O. – Candidate of Sciences (Economics), Professor, Head of the Department, Department of Economy and Business, Kyiv National Economic University named after Vadym Hetman (54/1 Beresteiskyi Ave., Kyiv, 03057, Ukraine)
Email: Shvidanenko.go@gmail.com
Besarab Svitlana O. – Candidate of Sciences (Economics), Senior Lecturer, Department of Economy and Business, Kyiv National Economic University named after Vadym Hetman (54/1 Beresteiskyi Ave., Kyiv, 03057, Ukraine)
Email: besarab@kneu.edu.ua

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