Critical Factors of Disruptive Innovation: A Review

People acknowledge innovation as a critical and central factor in increasing economic output and productivity. The phrase disruptive innovation was first familiarized in 1995 and has evolved into a new phenomenon. It exemplifies how a new entrant in a field can eventually compete with the incumbent. Furthermore, many of them may replace them. The study strives to identify the critical factors underlying disruptive innovations. This study employs a systematic literature review strategy and PRISMA meta-analysis. It refers to various reputable data sources from 2013 to 2022. The study included 5,305 articles, analyzed 183 articles that encountered the criteria, and employed 45 appropriate articles. As a result, it encounters six critical factors to disruptive innovation: demand, technology readiness, regulation, labor, external technology, and capital. The proposed formula encapsulates a Success Score for assessing disruptive innovations, integrating various essential factors contributing to success.