By Kerry McDonald.
Disruptive innovation is reshaping how children learn and expanding access to alternative education models.
Disruptive innovation usually begins on the margins, with a few, intrepid users embracing a new product or service. Abetted by new technologies, a disruptive innovation penetrates the mainstream when its quality is proven to be as good, if not better, than more established models.
According to author and investor, Michael Horn, a classic example of disruptive innovation is Airbnb, which began on the margins as a couch-surfing tool and then, enabled by technology, upended the hospitality industry.
“Initially we thought [disruptive innovation] could be any low-cost innovation,” Horn told me on this week’s episode of the LiberatED podcast. “What we observed over time was that you needed some sort of technology enabler that allowed you to carry the original value proposition around convenience, affordability, and accessibility and allowed you to improve without just replicating all of the cost features of the incumbent.”