Final answer:
The term 'Disruptive' innovation refers to the rapid and sweeping changes that new technologies can introduce, fundamentally altering or displacing existing technologies and industries.
Step-by-step explanation:
The term "Disruptive" innovation is used to describe how rapidly and consistently new, information-intensive technologies replace older ones. This kind of innovation can completely alter industries by improving until it is superior to the original technology, subsequently displacing it. An example of this is how personal computers began as devices for hobbyists and have matured to replace minicomputers and are beginning to replace mainframe computers in many applications.
Technological globalization is driven by technological diffusion, which facilitates the cross-border spread of technology. These innovation cycles may see discontinuities when disruptive technologies or products emerge, rendering previous technologies or industries obsolete, as seen with digital photography impacting film-based cameras.
Technological change is a combination of invention (advances in knowledge) and innovation--the process of modifying an existing product or process to improve it, which can result in incremental or radical changes to the status quo.