Itâs a pleasure to welcome the co-author of The Prosperity Paradox: How Innovation Can Lift Nations Out of Poverty, Efosa Ojomo
History is replete with examples where bankrupt organisations had all the ingredients they needed to endure, but their perspective biased their evaluation. In many cases, engineers at established firms had invented the same technology that led to their firm’s demise. However, the entrants led the commercialisation of disruptive technologies rather than incumbents because of the relativity problem.
It is a pleasure to welcome a great friend of Clay Christensen, yet another soul deeply touched by the man, the author of âStall pointsâ and author of the 2014 paper, The Capitalistâs Dilemma, Derek van Bever.
Todayâs book is a book about progress.â¨Yes, itâs a book about innovationâand how to get better at it.
But at its core, this book is about the struggles we all face to make progress in our lives.â¨If youâre like many entrepreneurs and managers, the word âprogressâ might not spring to mind when youâre trying to innovate.
Sports Academies are like Innovation and Incubation Labs
Karen Dillon joins us to share concepts from her book How Will You Measure you Life co-authored with her friend, Clay Christensen
“Butterflies, for all their graces, are merely caterpillars who persevere.” Guillaume Apollinaire, Honda and the emergent strategy in America.
The Innovatorâs Solution summarises a set of theories that can guide managers who need to grow new businesses with predictable successâto become the disruptors rather than the disrupteesâand ultimately kill the well-run, established competitors. To succeed predictably, disruptors must be good theorists. As they shape their growth business to be disruptive, they must align every critical process and decision to fit the disruptive circumstance.
Apoptosis provides a fitting metaphor for what must happen in organisations to survive continuous cycles of change. Rather than letting the entire organisation die, the corporate body’s sectors, departments, and business units must regularly renew, just like a human body. Like any healthy process, the end of one cycle is the beginning of another, and it is better to embrace this law than to resist it. Easier said than done.
Using the rational, analytical investment processes that most well-managed companies have developed, it is nearly impossible to build a logical case for diverting resources from known customer needs in established markets to markets and customers that seem insignificant or do not yet exist.