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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?
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.
Few things are more critical to your efforts in increasing your revenue growth and corporate sustainability than understanding the value of disruptive innovation. So why do so many established and often well managed companies struggle with disruptive innovation? or my personal favorite, “We need to focus on our core business.&#
Technology has clearly paid a huge part in this, but the biggest driver of change in how organizations are run is the ceaseless quest for improvement; to manage more efficiently and effectively to better achieve business results. Christensen’s influence on the business world has been profound.
To Harvard professor Clayton Christensen, coauthor of How Will You Measure Your Life?, Bain & Company Ceramics Process Systems Corporation Clayton Christensen CPS Technologies Corporation Curtis W. a primary task of leadership is asking questions that anticipate great challenges.
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. Adaptive Planning. Savoring Surprise.
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 →
The late Clayton Christensen wrote a little book called The Innovator’s Dilemma that many of you I’m sure have read. Many people think of it as a book about disruptive innovation, but it can be much more than that if … 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 […]. Randy''s blog entries'
Below you’ll find who we feel are the top professors on twitter, broken into lists around leadership, innovation, and strategy. Innovation. Clayton Christensen. Director, Stanford Technology Ventures Program. We thought it’d be worthwhile to share with you the people we learn the most from. Leadership.
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. .
Whitney Johnson is a leading thinker on driving innovation via personal disruption and a co-founder of Clayton Christensen’s investment firm Rose Park Advisors. But as her business grew, what she envisioned became blurry, as she focused on fine paper and cards, the accoutrements of correspondence, rather than on relationships.
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.
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.
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. Core sectors.
It’s a problem I argued recently that many peddlers of metaverse technologies are falling foul of. He suggested that the majority of organizations focus on the idea, the product, or the technology. They then create this idea and attempt to sell it on the market. Understanding the customer.
Badaracco Karen Christensen Lessons from the Sandbox Liquid Brand Agency Marty Neumeier McKinsey Quarterly Michael A. Bob''s blog entries "Brain Food Nuggets (11-20)" "Readers’ Advice for Young Women in the Workplace" "Take the Metaskills Quiz 2.0 Roberto Michael C.
It’s launch of the iPhone completely revolutionized mobile phones and made good on Steve Jobs’ vision of creating a hub of devices that connected people to technology. A decade ago, Apple looked unbeatable. What’s more, he did it with just a fraction of the research budget of other tech giants. Yet now Apple seems stagnant.
As we let ourselves be vulnerable, we also leave ourselves more open to new ideas, new ways of thinking which leads to empathy and innovation. As we let ourselves be vulnerable, we also leave ourselves more open to new ideas, new ways of thinking which leads to empathy and innovation. Photo: Stephanie Alvarez Ewens CS : Absolutely.
That we’re still largely waiting for such an immersive world to take hold, despite much-hyped initiatives, such as Second Life, perhaps underlines the difficulties the technology has had in keeping pace with such a vision. Digital twins. It’s a market that is already worth $3.1
The most recent being Big Bang Disruption: Strategy in the Age of Devastating Innovation. Paul Nunes and I have known each other for many years, and we’ve both been writing about the subject of disruptive innovation from different vantage points and different angles. DAVID: Yeah. You call it this big bang disruption.
Innovation Advocate. Contact: caduhigg@gmail 9 43,800 5,107 9,706 Clayton ChristensenInnovation, Leadership Professor at Harvard Business School. Tweets with occasional assistance from the Fellows at the Forum for Growth & Innovation. Author of @MeasureYourLife. It is a manifesto of human creativity.
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.
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. Or what if — as is the case today — current chip technology is nearing its theoretical limits , and a completely new architecture needs to be dreamed up?
One way to do this is to look for "break technologies.". However, as Clayton Christensen aptly points out, disruption occurs over time — not in a specific instant. While the value chain will optimize for specific circumstances, often technologies are created that eliminate the need for certain pieces of an industry's value chain.
In 1995, a young Harvard Business School Professor co-authored an article in Harvard Business Review , "Disruptive Technology: Catching the Wave." 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.
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.
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. This innovation and integration is still a work in progress. or a doctor's office.
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?
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.
Does your business — should your innovators — have a muse? While Clay Christensen is unlikely to publish "The Innovator's Muse" anytime soon, the empirical fact is that innovative organizations are desperate for sources of design differentiation. Perhaps the newly-knighted Sir Jonathan Ive has one, too.
Richard Tedlow, Giants of Enterprise: Seven Business Innovators and the Empires They Built. Christensen, The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail. It's an essential primer on the history and current state of finance. Covey, The Seven Habits of Highly Effective People.
Or as thought leader Jennifer Sertl writes, "innovation ultimately begins on the inside.". The term "disruptive innovation" has become an industry buzzword. Hence, the Innovator's Dilemma: whether you innovate or not, you risk downward mobility. But I've found that the rules of disruption apply to the individual too.
Four years ago, Craig Hatkoff, co-founder of the Tribeca Film Festival, approached me about a brainstorm: an event recognizing and celebrating breakthrough innovators. 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.
Richard Tedlow, Giants of Enterprise: Seven Business Innovators and the Empires They Built. Christensen, The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail. It's an essential primer on the history and current state of finance. Covey, The Seven Habits of Highly Effective People.
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.
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. Innovation has never been more accessible.
The work of two of the most important scholars in the field, Clayton Christensen and Richard N. One of the key tipping points in a market occurs when a company, in Christensen's language, overshoots a given market tier by providing them performance that they can't use. Foster , suggests considering five questions: 1. Probably not.
But innovation theory can provide a crystal ball; theory could have predicted iTunes' success and it's currently predicting Spotify's success. To appreciate the truth of this claim, it's vital to understand one of Clayton Christensen's theories on marketing and product development: Jobs-to-be-done. It's business model innovation.
Editor's note: This post is part of a three-week series examining innovation in health care, published in partnership with the Advanced Leadership Initiative at Harvard University. The transformational force that has brought affordability and accessibility to other industries is disruptive innovation. Regulation should facilitate it.
job market troubles of the past decade than new technology had. But I couldn’t help but fixate on that information-technology chart, which seemed to show corporate America giving up on IT. Or maybe modern information technology just keeps getting cheaper. Economy Information & technology Internet' ” Got that?
Clay Christensen, the innovation expert, advocates instead the approach taken by Wharton, which has made MOOCs out of all its core courses. Second, factoring in cost makes online technology much more competitive.And The advantages of MOOCs and, more broadly, online technology as a delivery channel, are real.
According to Clay Christensen and his coauthors Dina Wang and Derek van Bever, the strategy consulting industry is about to blow up the same way the legal world just did. Special Forces Innovation: How DARPA Attacks Problems. Technology offers real hope for Africa’s economic future. Consulting on the Cusp of Disruption.
Clayton Christensen's theories of innovation provide us a great lens through which we can understand this seeming paradox. When trying to build new growth businesses, Christensen observes that organizations need to employ an emergent strategy-making process. Such a dynamic is antithetical to effective innovation.
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