The Innovator's Dilemma
About this book
Christensen's account of why well run companies lose to entrants. Sustaining innovations improve products for existing customers. Disruptive ones start out worse on the established measures and serve a fringe or new market until they improve enough to take the mainstream. The dilemma is that listening to your best customers and defending margins is exactly what prevents a response. Uses disk drives, excavators and steel minimills as its main evidence.
Description via Product Digest.
Topics
Related concepts
- How to Do Competitive Analysis for Product StrategyCompare direct competitors, substitutes and the status quo, then use five forces to examine the pressures on pricing and profitability.
- Product Portfolio Management: Allocate Investment Across ProductsAssign product roles, compare investment options and plan responsible exits while balancing established products with future opportunities.
- Business Models for Product Managers: Revenue, Costs and Value DeliveryExplain how a product creates, delivers and captures value. Compare revenue models and build a simple contribution calculation.
- Strategy Under Uncertainty: Scenarios, Options and Decision TriggersUse scenarios and staged commitments when forecasting is unreliable. Includes a practical example of preserving an option without postponing every decision.
- Distinctive competenciesThe things an organisation can do that competitors cannot easily copy, and the filter that decides which market problems are worth this company solving.
- Build vs Buy vs Partner: How to Make a Product Capability DecisionCompare strategic importance, service requirements, total costs and exit risks before deciding whether to build, buy or partner.