Companies must balance innovation and efficiency to avoid disruption from "summary" of The Innovator's Dilemma by Clayton Christensen
In the business world, companies often face a difficult dilemma - how to balance the need for innovation with the desire for efficiency. This balance is crucial because, on the one hand, companies must continually innovate and adapt to stay competitive in a rapidly changing market. On the other hand, they must also operate efficiently to maximize profits and minimize costs. Many companies focus on efficiency, streamlining their operations and cutting costs to improve their bottom line. While this approach can lead to short-term success, it can also make companies vulnerable to disruption. Disruption occurs when new, innovative technologies or business models emerge that fundamentally change the way the industry operates. These disruptive innovations often come from smaller, less established companies that are able to take risks and experiment with new ideas. Established companies, with their focus o...
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