The Innovator's Dilemma
When New Technologies Cause Great Firms to Fail
Summary:
The book explores why established companies often fail to adopt disruptive technologies that ultimately revolutionize the market, despite having the capabilities and resources. It presents case studies and a theoretical framework for understanding how business leaders can recognize, respond to, and capitalize on innovation to maintain their market dominance.
Key points:
1. Disruptive Innovation: Christensen's main idea is that disruptive innovations initially underperform but eventually outdo established products by offering new functionality.
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