Summary of The Innovator's Dilemma

The Innovator's Dilemma by Clayton M. Christensen is a business and management book that explores the complex challenge of how established companies can maintain their position in the marketplace while still innovating and staying ahead of the competition. Christensen's main argument is that established companies will often fail to recognize disruptive innovations or invest in them because of the potential risk to their current business model. He discusses how companies can manage the tension between short-term profits and long-term success by balancing the competing tensions between protecting existing markets and investing in new disruptive technologies. Christensen also outlines a framework for understanding and addressing the dilemma posed by disruptive innovations. He provides case studies from a range of industries to illustrate his points and suggests that successful companies are those that are able to adapt to changes and create new business models.