Established companies have resources but struggle to innovate from "summary" of The Innovator's Dilemma by Clayton M. Christensen
Established companies often find themselves in a challenging position when it comes to innovation. Despite having abundant resources at their disposal, these companies struggle to embrace and implement innovative ideas effectively. This paradoxical situation can be attributed to a variety of factors that inhibit their ability to innovate in a rapidly changing market landscape.
One of the primary reasons established companies face difficulties in innovating is their focus on sustaining existing products and services. These companies have built their success on a particular business model that has served them well in the past. As a result, they are often reluctant to deviate from this model and invest in new, unproven ideas that may disrupt their current operations. This mindset can create a barrier to innovation, as it hinders these companies from exploring new opportunities and adapting to changing consumer preferences....
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