Final answer:
Micro-credit lending is an example of a social business innovation that provides financial services to those underserved by traditional banks. Disruptive innovations, like digital photography and ride-sharing, have significantly changed industry landscapes. Personal computers are a notable example of a technology that evolved from a hobbyist tool to a major market force.
Step-by-step explanation:
Micro-credit lending that makes it possible for poor people to get small loans to start small businesses is an example of a business model innovation that is also a social business innovation. This type of lending focuses on addressing social issues—like poverty and entrepreneurship—that are often neglected by traditional financial institutions. Micro-credit provides financial services to individuals who lack access to conventional banking services, thereby contributing to poverty alleviation and community development. It’s an innovation that goes beyond mere financial profitability and aims to have a positive impact on society.
On the subject of disruptive innovations, these are products, services, or processes that significantly alter the operations of industries, or create entirely new markets. For instance, the advent of digital photography disrupted the film-based camera market, while ride-sharing services transformed the taxi industry. Similarly, technologies like blockchain, 3D printing, and augmented reality have the potential to dramatically change various sectors.
When talking about the evolution of technology, the personal computer stands out as a disruptive innovation. It started as a tool for hobbyists and has improved to a point where it competes with and, in many cases, replaces mainframe and minicomputers.