The Innovator’s Dilemma Book Book Summary
“The Innovator’s Dilemma: When New Technologies Cause Great Firms to Fail” is the book no manager, leader, or entrepreneur should be without. Clayton M. Christensen is the author of this book. Clayton is the Kim B. Clark Professor of Business Administration at Harvard Business School. He is the author of eight critically acclaimed books. In this book, he offers failure and success of world biggest companies as a guide. It explains why most companies miss out on new waves of innovation. No matter the industry, he says, a successful company with established products will get pushed aside unless managers know how and when to abandon traditional business practices. The book seeks to explain why certain businesses are successful in their ventures and why other firms fail in response to new technologies. Christensen tries to explain throughout the book why some firms, when new technologies enter the market, fail either because they adopt the new technology or not. The author initially believes that new technologies are constantly emerging and all businesses must continually adapt to stay relevant. However, this proves to be false as in his studies, not all firms that ignored the new technology failed while not all firms that adopted the new technology succeeded. This is the fundamental dilemma in the book, and Christensen’s main purpose is to figure out a recipe for managers to follow to stay successful when disruptive technologies enter the market.
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