Audio available in app
Successful companies fail due to disruptive technologies from "summary" of The Innovator's Dilemma by Clayton M. Christensen
In industries where disruptive technologies emerge, successful companies often falter. These disruptive innovations are typically cheaper, simpler, and more convenient than existing products or services. Initially, they may not meet the needs of mainstream customers. However, they improve rapidly and eventually surpass the performance of established solutions. While successful companies focus on serving their existing customers with high-quality products, disruptive technologies target underserved markets. These markets may not demand the same level of performance that the incumbents provide. Over time, disruptive technologies improve and attract more customers, including those who previously couldn't afford or didn't need the offerings of established companies. As disruptive technologies gain traction, successful companies face a dilemma. They must choose between investing in these new technologies and cannibalizing their existing business, or ignoring the threats and risking obsolescence. In many cases, incumb...
Similar Posts
Growth hacking is a mindset
Growth hacking is not just a set of tactics or techniques; it is a way of thinking. It is a mindset that focuses on finding unc...
Manage your finances wisely
Managing your finances wisely is a crucial aspect of running a successful business. This means carefully planning and controlli...
Timevarying volatility is a key characteristic
Timevarying volatility is a key characteristic of financial markets that cannot be ignored. This concept refers to the fact tha...
Content marketing is essential for engaging customers
Content marketing plays a crucial role in today's highly competitive business landscape. It is a strategic approach focused on ...
Operations manage resources efficiently
Operations in a business involve the management of various resources to ensure efficiency. Resources such as materials, equipme...
Globalization will continue to accelerate
The forces of globalization are like a freight train hurtling down the tracks, picking up speed and momentum with each passing ...
Set goals and measure progress
Setting goals and measuring progress is a fundamental concept in business that can make or break an organization's success. By ...
Develop a scalable business model
To successfully scale your business, it is essential to have a business model that can adapt and grow along with your company. ...
Engage in conversations with your audience
In the world of marketing and public relations, it is no longer enough to simply broadcast messages to your audience and expect...
Never settle for mediocrity
Strive for excellence in everything you do. Mediocrity is not an option if you want to create something truly groundbreaking. I...