Meaning of the word "Disruptive innovation" in English

What does "Disruptive innovation" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

Disruptive innovation

US /dɪsˈrʌptɪv ˌɪnəˈveɪʃən/
UK /dɪsˈrʌptɪv ˌɪnəˈveɪʃən/

Noun

an innovation that creates a new market and value network and eventually disrupts an existing market and value network, displacing established market-leading firms, products, and alliances

Example:
Smartphones were a classic example of disruptive innovation, changing how we communicate and access information.
The company's new streaming service is considered a disruptive innovation in the entertainment industry.