Money and Finance
Clayton Christensen Wants to Transform Capitalism
Sixteen years ago a book by Clayton Christensen changed business thinking forever. The Innovator’s Dilemma looked at industries ranging from disk drives to steel to mechanical excavators and exposed a surprising phenomenon: When big companies fail, it’s often not because they do something wrong but because they do everything right. Successful businesses, Christensen explained, are trained to focus on what he calls sustaining innovations—innovations at the profitable, high end of the market, making things incrementally bigger, more powerful, and more efficient. The problem is that this leaves companies vulnerable to the disruptive innovations that emerge in the murky, low-margin bottom of the market. And this is where the true revolutions occur, creating new markets and wreaking havoc within industries. Think: the PC, the MP3, the transistor radio.
This insight—that managers might actually scuttle the ship by following the navigational chart laid down in business school—shifted the way people thought about innovation. Christensen’s book soon became required reading in Silicon Valley, where it has been championed by the likes of Steve Jobs, George Gilder, and Andy Grove. Christensen has since applied his theories to industries ranging from health care to higher education, always attempting to teach people how to think about business rather than what to think. “I don’t have an opinion,” the Harvard Business School professor and devout Mormon often says, “but the theory has an opinion.”
In the meantime, Christensen has faced some major disruptions of his own. In July 2010 he suffered a debilitating stroke that left him unable to speak. But within weeks he was using Rosetta Stone to reteach himself the English language, and within months he had begun writing again. His recent book How Will You Measure Your Life? came out last year, and a new work, The Capitalist’s Dilemma, is due out in 2014.
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Clayton Christensen Responds To New Yorker Takedown Of 'disruptive Innovation'
The article he's responding to was the one I had linked to yesterday, HERE. Link to: Clayton Christensen Responds to New Yorker Takedown of 'Disruptive Innovation' When the New Yorker this week published Harvard historian Jill Lepore’s...
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The Disruption Machine: What The Gospel Of Innovation Gets Wrong. – By Jill Lepore
UPDATE: Clayton Christensen responded to this article, HERE. Link to article: THE DISRUPTION MACHINEPorter was interested in how companies succeed. The scholar who in some respects became his successor, Clayton M. Christensen, entered a doctoral program...
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Dr. Clayton Christensen Delivers 2012 Pullias Lecture At Usc
The 34th annual Pullias Lecture at USC on March 29 featured remarks by Clayton M. Christensen, Kim B. Clark Professor of Business Administration at the Harvard Business School, who is best known for his study of innovation in commercial enterprises. Christensen,...
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Clay Christensen's Life Lessons
Thanks to Will for passing this along. On a warm April evening, Clayton Christensen arrived at his home in Belmont, Mass., desperate for a peanut butter sandwich. Christensen is diabetic, and with his blood sugar low, he seemed out of sorts. As he crushed...
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Clayton M. Christensen On Disruptive Innovation In Health Care
Interview: Disruptive Innovation: Can Health Care Learn From Other Industries? A Conversation With Clayton M. ChristensenArticle: Disruptive Innovation In Health Care Delivery: A Framework For Business-Model Innovation – By Jason Hwang and Clayton M....
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