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2.6Whenwillinnovationsbecomedisruptivetoestablishedcompanies?Aninnovationthatisdisruptiveallowsawholenewpopulationofconsumersatthebottomofamarketaccesstoaproductorservicethatwashistoricallyonlyaccessibletoconsumerswithalotofmoneyoralotofskill.Wheredidtheideaofdisruptiveinnovationgrow?Itgrowsfromthedistinctionbetweensustainingtechnologiesanddisruptiveones.Whatisdisruptiveinnovation?Atermtodescribeaprocessbywhichaproductorservicetakesrootinitiallyinsimpleapplicationatthebottomofamarketandthenrelentlesslymovesupmarket,eventuallydisplacingestablishedcompetitors.What'sthedifferencebetweensustaininganddisruptiveinnovations?Asustaininginnovationtargetsdemanding,high-endcustomerswithbetterperformancethanwhatwaspreviouslyavailable.However,disruptiveinnovationsintroduceproductsandservicesthatarenotasgoodascurrentlyavailableproductsbutsimpler,moreconvenientandlessexpensive.Theyappealtoneworless-demandingcustomers.Atwhatpointwillcompaniesshiftfromdisruptiveinnovationstosustaininginnovations?Whenthedisruptiveproductgainsafootholdinanewalow-endmarkets.3.6WhatisthegreatesttreasureofYaleUniversityaccordingtothepresident?Itisthestudentswhoarethegreatesttreasureofall.WhatistheeducationalchallengebeforeYaleUniversity?Howtheystaytruetotheirbesttraditionswhilepioneeringnewfrontiers—thisisthechallengebeforeYaleUniversity.WhatarethegoalsoutlinedbyPresidentPeterSaloveyinhisinaugurationspeech?TomakeaYaleeducationaccessibletomorestudents;toforgetevenstrongertown-gownties;andtodevelopamoreglobalandmoreunifieduniversity.Whattransformativepowerdoesliberaleducationhave?Itteachescriticalthinking,instillsthejoyoflearningforlearning'sownsake,exposesstudentstoculturalandartisticexperiences,transformsanindividualidentity,nurturesaspirationtogivebackandenricheslife.AccordingtoPeterSalovey,whatisthegreatesttreasureofYale?Itsstudents.HowwillYaleembracearevolutioninteachingandlearning?Itwilladheretotheprinciplesthathaveenduredsinceitsfounding,butatthesametimeusenewtechnologiesandopportunitiestoadvanceits