Welcome to the Financial Times Lexicon

Browse thousands of words and phrases selected by Financial Times editors and suggest new terms for the glossary.


Term of the day

disruptive innovation

A term linked to entrepreneurship.

In pitching an idea, entrepreneurs often describe their products and services as disruptive.

This term comes from Clayton Christensen’s writing on the challenges big companies face in developing new ideas. Christensen’s argument is that large incumbent companies are focused on delivering value to their existing customers and  thus do not always pursue innovations that could potentially attract new customers.

This gap presents an opportunity for entrepreneurs to...