The Innovator’s Dilemma: When New Technologies Cause Great Firms to Fail
As technological development has increasingly driven the world economy, many observe that it causes a disruptive economic effect. New technology can humble big players and lift new players to leading positions. These effects often happen despite managers doing all the “right things.” We now have enough data to begin to analyze how technological disruptions happen across many industries. More importantly, we have data about how to manage innovation’s turbulence. In this classic text, Clayton Christensen…