Disruptive Innovation: Advantages, Challenges, and Implications for Small and Minority-Owned Businesses

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Disruptive Innovation: Advantages, Challenges, and Implications for Small and Minority-Owned Businesses

ABSTRACT:- Disruptive innovation has become a cornerstone in understanding how industries evolve and how small entrants can challenge dominant players. This paper explores the concept of disruptive innovation, its advantages, and challenges, with a focus on its implications for small and minority-owned businesses. Through in-depth analysis and graphical representation, the paper highlights strategies to leverage disruptive innovation effectively, enabling equitable economic growth and fostering inclusivity in entrepreneurship.

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