Audio available in app
Established companies fear cannibalizing existing products from "summary" of The Innovator's Dilemma by Clayton M. Christensen
Established companies often find themselves in a tricky situation when it comes to innovation. On one hand, they know that they need to stay competitive by constantly improving their products and services. However, on the other hand, they are hesitant to invest in new technologies or ideas that may cannibalize their existing products. This fear of cannibalization stems from the fact that these companies have built their success on their current offerings, and any disruption to this could jeopardize their position in the market. The dilemma arises when companies are faced with the decision of whether to invest in new, disruptive technologies that have the potential to revolutionize their industry. While these technologies may offer signi...
Similar Posts
Technicians are the doers, managers oversee the process, and entrepreneurs are the visionaries
In the world of business, there are three key roles that are essential for the success of any enterprise: technicians, managers...
Cultivate a culture of excellence
To create a culture of excellence within your organization, you must first understand what excellence means to you. It's not ju...
A clear vision and mission guide strategic decisions
A clear vision and mission are essential for a company's success. They serve as a compass that guides strategic decisions and a...
Embrace sustainability and social responsibility in your innovation efforts
When it comes to innovation, it is crucial to consider the impact of new ideas and products on the environment and society. Emb...
Strategic alignment is essential for achieving growthoriented goals
Achieving growth requires a coherent strategy that integrates all facets of an organization. This integration ensures that ever...
Encourage feedback and continuous improvement
To truly scale up your organization, you must create a culture that values feedback and embraces continuous improvement. This m...
Use data analytics to inform your growth strategies
Data analytics is a powerful tool that can help businesses make informed decisions about their growth strategies. By analyzing ...
Take calculated risks
Taking calculated risks is an essential aspect of running a successful business. It involves making decisions that have the pot...
Geopolitical tensions will rise
The world is on the brink of a new era marked by escalating geopolitical tensions. As we move into the 2020s, the global landsc...
Quality companies tend to have a strong balance sheet
One common trait among high-quality businesses is a robust balance sheet. This financial document provides a snapshot of a comp...