The Innovator's Dilemma explores challenges faced by companies in adapting to disruptive technologies from "summary" of The Innovator's Dilemma by Clayton M. Christensen
The Innovator's Dilemma delves into the difficulties that companies encounter when trying to adjust to disruptive technologies. These technologies typically emerge from the bottom of the market, catering to customers who are underserved by existing products or services. Initially, these disruptive technologies may not meet the performance standards demanded by mainstream customers, but they gradually improve over time, eventually outpacing established products or services.
Companies often struggle to embrace disruptive technologies because their focus is on satisfying the needs of their existing customer base. This focus on sustaining innovations, which aim to improve existing products or services for current customers, can blind companies to the potential of disruptive technologies. As a result, they may dismiss or ignore these technologies until it is too late, allowing smaller, more agile competitors to gain...
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