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One of the great leaders and thinkers of our time is Clayton Christensen , ”a down-to-earth” alum of BYU, Oxford and Harvard. I found two recent articles about Clayton Christensen that have increased my understanding about leadership: The first is published in the BYU Magazine’s Spring 2013 edition. (As
So, in today’s post I’ll examine the power of disruption as a key business driver… Disruptive business models focus on creating, disintermediating, refining, reengineering or optimizing a product/service, role/function/practice, category, market, sector, or industry. When was the last time you entered a new market?
.): The act of using a practice employed by companies — wherein a product deemed inferior by the market leader (Amazon v. Yellow Cab) eventually upends the industry — and applying it to yourself and your career. Borders, Uber v.
Consider this simple yet powerful idea: disruptive companies and ideas upend markets by doing something truly different—they see a need, an empty space waiting to be filled, and they dare to create something for which a market may not yet exist.
Long before it became fashionable, Saul was leveraging the power of business models in his career. That’s why we see so many good ideas either not make it to market or not for long. ” Clayton Christensen , an advisor to BIF, taught us that customers are hiring companies to “do a job” for them.
Unfortunately, people sitting at the top had no time to examine the process which helped them to recover as the bonus pools grew and markets eventually rose. Clayton Christensen, a Harvard Professor says that only few people tend to hurt others and be dishonest in the initial stages of their career.
As recent research from MIT reminds us, older entrepreneurs are often better equipped to handle the rigors of startup life, not least because they have well developed networks from their career to date that can be tapped into when growing the business.
After studying Hollywood actors for three years, MIT Professor Ezra Zuckerman found that actors who typecast themselves (PDF) early in their careers tend to earn more money, have longer lifespans, and enjoy more fame compared to generalist actors. Over the long term, that is a career strategy with diminishing returns.
Invariably, many people will think some of the choices are poor or that the list is incomplete, but I hope it can serve as a start for young business leaders looking for literature to help them chart their careers. Christensen, The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail.
Invariably, many people will think some of the choices are poor or that the list is incomplete, but I hope it can serve as a start for young business leaders looking for literature to help them chart their careers. Christensen, The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail.
In Clayton Christensen’s new book, Competing Against Luck , the authors delve into the importance of gaining a deep understanding of what your customers desire. Some are little (pass the time while waiting in line); some are big (find a more fulfilling career). We all have many jobs to be done in our lives.
Or consider the influence of Clayton Christensen, who tops the new ranking. Christensen's influence on the business world has been profound. In The Innovator's Dilemma , he looked at why companies struggle to deal with radical innovation in their markets. Finally, management ideas can be the catalyst for a better future.
It's not news to anyone who's looked for a job recently that the days of a monolithic career spent at one company or in one well-defined field are over. Many of us have had to — willingly or out of necessity — rethink our career paths. At six years old, I knew what I wanted to be: a designer. I started out designing cars.
The financial risk of a career in entrepreneurship is the chance of spending 20 years in startups with nothing to show for it — neither money nor an impact on the world. In financial terms, focuses expertise is a call option on other careers, and it increases your chance of startup success, to boot. Career planning Entrepreneurship'
As markets rose and bonus pools grew, it was all too easy to celebrate the rising tide of wealth without examining the process that created it. My colleague, Harvard Professor Clayton Christensen, addressed this topic in his HBR article, How Will You Measure Your Life?
Everyone aspires to have purpose or meaning in their career but how do you actually do that? Here are principles you can follow to find a career — and a specific job — you don’t just enjoy, but love. For example, if you enjoy connecting with people, you could use that skill to be a psychologist or a marketer.
This may be the first time in my career that I've been accused of taking a standard management approach.:) Disruptive innovation is rarely raw genius that bubbles-up, but rather the culmination of several things: a sound idea, vetted through great process, refined by innovative application and brought to market by outstanding leadership.
To borrow Clayton Christensen’s phrase, our hotel laundry’s “job to be done” is not cleaning dirty clothes; it is preserving and enhancing our guests’ sense of participation in the world of fashion. Fashion and clothing were central to the guest experience — much more so than we had realized.
Problems can range from entering new markets to addressing everyday concerns such as low employee engagement. But inside most companies, working on something that “fails” commercially carries significant stigma, if not outright career risk. Constraints and creativity are surprisingly close friends.
One of the things I think is most interesting is there’s a lot of old models of innovation and of strategy that I won’t say they don’t necessarily apply anymore, but they apply to very, very, almost static markets. In that sense, the Christensen solution has become counterproductive; in fact, it’s become dangerous.
Notwithstanding the considerable career and financial (I am the primary breadwinner) risks involved, it was time to leave my comfortable perch and become an entrepreneur. Six years into my mid-career move, here are some lessons learned from my personal disruptive trajectory: If it feels scary and lonely, you're probably on the right track.
When Clay Christensen, his son Matt, and I first launched Rose Park Advisors, we considered bringing on investors at the GP (general partner) level. My abilities were market-tested, validated by bulge bracket firms. Even in the middle of my career, it felt like a punch to the solar plexus. Love your returns. I felt invisible.
Once the book had been written, I had to market it. My own publisher, HBS Press, published two the very same month as my book — one of them co-authored by heavyweight Clay Christensen. The desperate-to-prove-himself banker found a chart that showed how the housing market was overpriced. Make sure to seize it.
Communities of practice, where they share a common career or field of business, will extend your offer because it extends their expertise (like McAfee mavens ). This can change how we organize every single part of these organizations — from what we make, to how we product and distribute, to how we market and sell. Everything.
All too often, when marketers talk about their “social strategy,” they really mean a digital marketing strategy implemented on social platforms, rather than using social dynamics to benefit their business. Pepsi actually lost market share and fell to number three in the cola wars for the first time in modern history.
When I suggested to Clayton Christensen that we partner with Hatkoff to create the Tribeca Disruptive Innovation Awards , Clay’s response was : I trust you Whitney. Four years ago, Craig Hatkoff, co-founder of the Tribeca Film Festival, approached me about a brainstorm: an event recognizing and celebrating breakthrough innovators.
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