The Innovator’s Dilemma
I did the Innovation Managment elective this year which I am finding slightly difficult to revise for as I approach my finals. Nevertheless it seems there is a great wealth of resource on the topic online. One particular area/concept that intrigues me is “The Innovator’s Dilemma” which was coined by Clayton M. Christensen, a professor at Harvard Business School when he wrote his first national bestseller (The Innovator’s Dilemma, When New Technologies Cause Great Firms to Fail, 1997).
The book is about the failure of well-managed companies to maintain their positions as market leaders in their industries when they are confronted with certain types of market and technological changes (particularly radical or disruptive technologies). He concluded that “managing better, working harder, and avoiding dumb mistakes” was the reason why well-managed (established) companies have the consistent ability to sustain technological innovations, as you would expect. The same reason explained their inability to cope with disruptive technologies. (disclaimer: I have not read it). The first chapter of the book can be found online at Business week.
You might also find the links below interesting:
1. Capturing the Upside and The Innovation Economy: How Technology Is Transforming Existing Industries and Creating New Ones by Clayton M. Christensen.
2. The Innovator’s Dilemma and the Future of Silicon Valley by Junfu Zhang.
3. Interestingly Albert Tanutama has some thought on why he thinks blogging is a disruptive technology. Worth checking out.
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