The Innovators Dilemma: When New Technologies Cause Great Firms to Fail
By: Clayton M Christensen
|Ratings: MUST READ||Right Things: 5.0; Right Way: 5.0; Right Team: 4.8;
|Leadership/Management Maturity:||___ Entry (0–1yrs); ___Early (1–3yrs); ✔ Competent (3-5yrs); ✔ Proficient (5-10yrs); ✔ Expert (10+yrs);|
|Target Audience:||C-Suite, Senior Leadership, Management/Leadership Development|
|Target Business Stage:||Start-up Stage; Growth Stage; Established Stage;|
|Est. Reading Time:||4-5 hours, 288 pages|
The Innovators Dilemma was timely when it was originally published at the turn of the century (1997 & 2000). It has remained as relevant today as it was when it was written. At its heart, The Innovators Dilemma demonstrates that a well-run company operating at peak of efficiency, with high customer satisfaction and every reason to expect continued success, can fall unexpectedly behind the market—and in many cases, out of the market completely.
How does a well-managed company fall from grace? Failing to anticipate the needs of its next generation of customers. Technology innovation moves at an ever-accelerating pace. Companies must continually advance the technology in every factor of their business. But, what happens when a technology is already obsolete between the time it is finally adopted and fully implemented but has yet to make an adequate ROI? What happens when core assumptions made during the purchase process become irrelevant because of an unforeseeable leap forward technologically?
The Innovators Dilemma addresses the challenges of leading a company in a world of continuous technological disruption. Resilience in the face of technological encroachment depends on several factors:
- Understanding your company’s points of vulnerability
- Remaining mindful of new and emerging markets adjacent to your own
- Gauging your products’ lifecycle with market changes and resulting impact on product performance
- Accepting unbiased appraisals of your organizations comparative strengths and weaknesses
The Innovators Dilemma reaches beyond the impact of most business books. It peels back the defense that experience or business sense are adequate for most leaders to successfully generate results from their business. Disruptive technologies impact every business at every stage of maturity. Big, small, startup or multi-national. Readiness for innovation is a requirement for any modern business.
|Author:||Clayton M. Christensen|
|Author Bios||Clayton M. Christensen|
|Copyright/Publisher:||Harvard Business Review Press; Reprint edition (January 5, 2016)|