It will push you to dig deeper into seemingly straightforward business cases and consistently use your critical thinking skills. Even then, it would only cruise eighty miles. Sustaining technology is an innovation that makes good technology better. The end of the piece brings the conclusion that leading firms almost always have set technologies that work well for their current customers, choosing not to invest in new technologies because what they are currently doing is working, current customers do not want change. Disruptive technology is a marketing problem, not a technological one. Palm tried the same thing at the outset.
He is the author of eight critically acclaimed books, including the bestsellers The Innovator's Solution, How Will You Measure Your Life? As a practitioner, I could be pretty hard on it because it's missing application, but I get that it was meant to be more academic in its approach, and I'm big enough to draw my own conclusions about implementation. I finished the book with greater knowledge of the business world. Christensen, a long-time professor of business administration at the Harvard Business School, had found an answer to a question that had long mystified the business community: why had such iconic, well-managed firms as Digital Equipment Corporation, Xerox, and dozens of others that had long led their industries fallen by the wayside? This assessment reveals that our understanding of the phenomenon of disruption has changed as the theory has developed. The performance specs of these disruptive technologies do not meet the needs of companies' existing customers e. All the while, Detroit will be working in the laboratory on what, in all probability, will be the wrong technology.
This is the kind of book that opens your eyes to what is happening in the business world. Introduction Companies stumble for many reasons: bureaucracy, arrogance, tired executives, poor planning, short-term investment horizons, inadequate skills and resources, and bad luck. Read this revolutionary book and avoid a similar fate. Now Tesla has a great head start in the electric car market compared to Ford. It's not a 100%, but gets some future predictions right - fun to discover them 18 years later. Amazingly, I didn't find The Innovator's Dilemma to be redundant, as many business books are.
We still had to refer the complex problems to the mainframe center for the experts to do, and we could handle the simple ones. To enable companies to compete on that basis, to be fast and flexible, the architecture of the product tends to migrate from integrality to modularity. Disruption has been one of the fundamental causal mechanisms through which our lives have improved. When disruption happens the integrated company gets displaced by a whole population of specialized companies, and the industry disintegrates. Or if we stretch a bit, cloud services not present on our own devices, but on far away server rooms. Customers do not always know what they need. The real puzzle was in the early 1980s when Harvard Business School curriculum was filled with case studies about Digital.
Prof Christensen aims to why Great Firms always lose out to Disruptive Innovations. It came up against Harley. Meaning: everyone wants something and they lie about their wants. What did those business plans look like? The final chapter repeats each of the major points — again. Anyway, this is a long review. Taking away one more star for choosing a misleading title -- a better title would be 'The Corporation's Dilemma'. Clay Christensen lives in Belmont, Massachusetts with his five children, wife Christine, and is a member of The Church of Jesus Christ of Latter-day Saints.
It shows how such companies can cope with the challenge to maximize their chances even though there are systemic biases against it given how an established company must approach resource allocation. A disruptive technology is an innovation that brings something worse to the market. Today, almost instinctively, we understand the concept of disruptive technology. Named by Fast Company as one of the most influential leadership books in its Leadership Hall of Fame. Commissioned stock brokers do no do on-line trades. With the help of many examples from industry disk-drives being his main workhorse the author explains what technologies are likely to disrupt, who is likely to be disrupted, why they are likely to be disrupted and what the choices are that the established players have when presented with disruption. Large companies are not interested in small emerging markets, and they wait too long.
This is a very insightful book and even if you are not into management, it is very useful. I really enjoyed this book. Great book, very thought provoking. He has also served as a bishop. Small markets and all disruptive technology starts small do not solve the growth problems of large companies. Nobody outside the Sierra Club preferred an electric vehicle.
How do you compete, however, for the business of customers in those tiers of the market that are overserved by the available functionality? New markets are not understood, therefore they are inaccurately termed high-risk. I highly recommend this book to anyone who's interested in breaking ground in emerging technologies or working in any disruptive industry. How can managers succeed when faced with disruptive technological change? I would like to see the discussion occurring at a lower level, the creative moment, before management decisions. It cut a lot more cleanly along this sustaining vs. One of the dilemmas of management is that, by their very nature, processes are established so that employees perform recurrent tasks in a consistent way, time after time. Well, this is a mixed bag, this interesting little book.