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Thanks to Professor Clayton Christensen of Harvard University and his 1997 landmark book, The Innovator’s Dilemma , we have a new way of understanding the life cycle of companies and why some market leaders maintain their dominant position and other one-time market leaders disappear. WHAT IS A DISRUPTIVE INNOVATION?
Today I am blogging live at World Innovation Forum (#WIF11). Attending and listening to speakers helps plant the seeds of innovation in my mind. First speaker is one of my favorites - Clay Christensen. Of course he spoke about disruptive innovation. They began by taking the low end of the market - rebar.
One of the great leaders and thinkers of our time is Clayton Christensen , ”a down-to-earth” alum of BYU, Oxford and Harvard. His book The Innovators Dilemma has impacted the business world perhaps more than any other book in recent history. Integrity Leadership Purpose change Clayton ChristensenInnovation'
Few things are more critical to your efforts in increasing your revenue growth and corporate sustainability than understanding the value of disruptive innovation. “Me Too&# companies fight to eek out market share in an attempt to survive, while disruptive companies become category dominant brands insuring sustainability.
From blue ocean strategy to Michael Porter’s five forces, Vijay Govindarajan’s reverse innovation to Richard D’Aveni’s hypercompetition, great thinkers and their ideas directly effect how companies are run and how business people think about and practice business. Christensen’s influence on the business world has been profound.
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. Perhaps innovative thinking among your management team has stalled.
.): The act of using a practice employed by companies — wherein a product deemed inferior by the market leader (Amazon v. As the co-founder of a boutique investment firm with Clayton Christensen, Whitney Johnson came to realize that the frameworks of disruption not only apply to innovation and investing, but to individuals.
Disruptive innovation is no longer the exception, it’s the rule. In the book, the Innovator’s DNA , Clayton Christensen and colleagues list five behaviors that characterize innovative leaders: associational thinking, questioning, observing, networking and experimenting. Boundary Pushing. Adaptive Planning.
At the November First Friday Book Synopsis, Randy Mayeux will present Competing Against Luck: The Story of Innovation and Customer Choice, (New York: Harper, 2016)written by Clayton Christensen as the lead author, along with three others (Taddy Hall, Karen Dillon, and David S. The book focuses on marketing and consumer behavior.
The new book The Innovator''s Method: Bringing the Lean Start-up into Your Organization, by Nathan Furr and Jeff Dyer, is a leader’s guide to validating new ideas, refining them, and bringing them to market. Maybe you’ve tried to bring the idea to life, only to have it turn out to be an expensive, time-consuming failure.
Technology disrupts markets. However, when I need to decide whether to focus on a market (like Christensen does) or focus on the technology, I will focus on the technology every day of the week, and twice on Tuesday. I agree with that. Continue reading →
Christensen. Here’s the description (from Wikipedia): A disruptive innovation is an innovation that helps create a new market and value network, and eventually disrupts an existing market and value network (over a few years or decades), displacing an earlier technology. But I […].
That’s what Brand Positive co-founder Sean Pillot de Chencey teaches in his book Influencers & Revolutionaries: How Innovative Trailblazers, Trends and Catalysts Are Transforming Businesses. “Insight + Ideas + Impact = Innovation.” What’s your definition of innovation? ” -Sean Pillot de Chencey. .
And finally, business model innovation is getting the recognition it deserves. That’s why I was thrilled when my friend and one of business model innovation’s gurus, Saul Kaplan , wrote a must read book sharing his real world experiences - The Business Model Innovation Factory. For many, this is frightening.
Yes, the management that, according to Clayton Christensen, is not supporting the creation of radical ideas that will change markets. I can’t believe I’m about to do this. Don’t tell anyone, but today I’m going to defend management. Continue reading →
Anthony is the managing partner of Innosight, a global strategic innovation consulting and investment firm. Based in the firm’s Singapore offices since 2010, he has led Innosight’s expansion into the Asia-Pacific region as well as its venture capital activities (Innosight Ventures).
Here they are: Daniel Pink – In 2015, London-based Thinkers 50 named him, alongside Michael Porter and Clayton Christensen, as one of the top 10 business thinkers in the world. SAP Business Innovation, and Huffington Post for his leadership, customer experience, and social media influence. Would you like to meet my team?
The Innovator’s Dilemma: When New Technologies Cause Great Firms to Fail Clayton M. Christensen HarperCollins (2003) A brilliant analysis of a multi-dimensional paradox Having just re-read this “business classic,&# I admire it even more now than I did when it was first published.
I hope that at least a few of these recent posts will be of interest to you: BOOK REVIEWS Customer CEO: How to Profit from the Power of Your Customers Chuck Wall The Referral Engine: Teaching Your Business to Market Itself John Jantsch Disney U : How Disney University Develops the World’s Most Engaged, Loyal, [.].
We dabbled our hand in marketing as Tim Vanderpy reviewed UnMarketing. We reposted a teaser video for Clayton Christensen’s new one The Innovative University. Our monthly full-length podcast released on Monday, featuring an interview with Pam Fox Rollin and some vitals rules for new senior leadership.
This results in a growing amount of market power being concentrated in a small number of incumbents. They then create this idea and attempt to sell it on the market. This can result in our entire worldview revolving around that idea and block out vital bits of information about the market, our customers, and other key stakeholders.
Innovation is an iterative process. You can create a detailed plan for how to innovate, but these strategies rarely survive their first contact with the market. Everyone has a plan until they get punched in the face,” said boxer Mike Tyson. Success comes when you learn to adapt.
Qatar have attempted to overcome this via the creation of the Qatar Foundation in 1995, which aimed to unlock the human potential of the nation via education, innovation and entrepreneurship. R&D Tax Incentives , with their data suggesting that reducing the cost of R&D by 10% results in an increase in innovation by 10%.
The late Clayton Christensen famously highlighted that consumers are not buying our product as much as they are hiring it to complete a particular job. Unfortunately, to use the vernacular of Stephen Haeckel , many innovators adopt a make and sell approach rather than sense and respond. Co-creating innovation.
Harvard Business Review on Reinventing Your Marketing Various Contributors Harvard Business Review Press (2011) How to use innovative thinking to improve how you create or increase demand for what you offer Those who aspire to maximize the impact of their marketing initiatives will find the material in this HBR book invaluable.
Philippe Silberzahn, a consultant, keynote speaker, and associate professor at EM Lyon Business School, works with large companies confronted to disruptions in their markets: it was natural that he summarizes the mechanisms of disruption, in his book A Managers’Guide to Disruptive Innovation capitalizing.
It’s a market that is already worth $3.1 But in industrial deployments, think 5G powered ports, mines, and factories, operations can re-configure the signal to support even faster upload speeds,” Brian Chamberlin, Executive Advisor, Huawei Carrier Marketing, says. “ There are cases with upload speeds of over 1Gbps.
Instead, longevity is based on entrepreneurial thinking and innovation – in exploring ways to adapt corporate and business strategies in response to market, technological, and social and cultural change. On reflection, though, I find that the evidence does not support competitive advantage as a path to longevity.
This week marks the release of Clayton Christensen's highly-anticipated book, How Will You Measure Your Life (with co-authors James Allworth and Karen Dillon). The book expands on Christensen's McKinsey-award-winning HBR article , drawing life lessons from the models that form the basis of his business-oriented writing. Persistence.
One of the best innovation stories I’ve ever heard came to me from a senior executive at a leading tech firm. That, in essence, is the value of open innovation. There is no one “true” path to innovation. They lock themselves into one type of strategy and say, “This is how we innovate.”
The most punishing innovations, they argued, were the ones that were easy to dismiss at first blush — simple, affordable solutions that took root outside the mainstream market. Of course, that young HBS professor was Innosight co-founder Clayton Christensen. Yet, the innovator's dilemma persists.
These days, you're as likely to see "innovative" on any given job description as you are to see "strong communication skills" or "team player." But how do you hire innovators ? What exactly are you looking for , and more importantly, how do you identify the ability to innovate ?
For me and many other physicians, reading " Will Disruptive Innovations Cure Health Care " by Clayton Christensen, Richard Bohmer, and John Kenagy in the September-October 2000 issue of Harvard Business Review was like having a light turned on. It was like World War I trench warfare, where a 1% shift in market share was a big deal.
Four years ago Harvard Business School Professor Clayton Christensen predicted that online education would take off slowly and then hit everyone by surprise: the S-curve effect. And indeed, while it initially grew slowly, online education has exploded over the past several years. courses into their offerings to satisfy students' unmet needs.
I thought it would be helpful to provide the list of 31 questions, and my one sentence perspective on each question, as it dovetails with my current book project (tentatively titled, The Little Black Book of Innovation.) How do you define innovation? What are different types of innovation? What is disruptive innovation?
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. Often innovative solutions can be found if you expand the scope of what you see as the system. The book lays out a Theory of Jobs to be Done in a very compelling way.
They're bad at innovation by design: All the pressures and processes that drive them toward a profitable, efficient operation tend to get in the way of developing the innovations that can actually transform the business. However, I also pointed out a paradox: being bad at innovation and good at execution isn't necessarily undesirable.
I argued a few months ago that the innovation axis was shifting from the West to the East. Silicon Valley remains the global hot spot of innovation, and America continues to churn out innovative companies like Groupon and Bloom Energy. Chinese companies like BYD are well positioned to lead the electrical vehicle market.
Our eyes are underrated innovation tools. This Monday, I was in Mumbai conducting market research with a project team. These observations weren't closely connected with my client work, but they did help to provide local context and might ultimately spur thoughts about opportunities for innovation.
Businesses understand the power of digital innovations to reshape industries and markets. Yet, time and again, they have struggled to innovate with new and disruptive technologies. Clayton Christensen and others argue that an incumbent’s failure has little to do with the newness or complexity of the technology.
In 2007, Clayton Christensen co-founded Rose Park Advisors, a hedge fund devoted to investing in disruptive companies. The idea was to transform his theory of disruptive innovation into an investment thesis. Disruptive innovation can take several forms, and the market understands some types better than others.
As a result of our conversation, I decided to dust-off an old post, give it a few updates, and pass along my thoughts, which can be best summarized as “ Ideas Don’t Equal Innovation. “ It is my hope to help dispel the myth that ideas are inherently good things.
Richard Tedlow, Giants of Enterprise: Seven Business Innovators and the Empires They Built. Ferguson is one of our era's preeminent popular historians, and The Ascent of Money traces the evolution of money and financial markets from the ancient world to the modern era.
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