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Summary : The Innovator’s Solution – Clayton Christensen & Michael Raynor

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The must-read summary of Clayton Christensen and Michael Raynor's book: “The Innovator's Solution: Creating and Sustaining Successful Growth”.This complete summary of the ideas from Clayton Christensen and Michael Raynor's book “The Innovator's Solution” shows how capital markets demand that all companies should grow by commercialising innovations. The companies who are successful in doing this are rewarded spectacularly, however only one company in ten is able to deliver consistent growth. In their book, the authors explain the reason behind this and how companies end up reducing the potential of their innovations. This summary will teach you how to spot the innovations that have potential and use them to grow your business.Added-value of this summary:• Save time• Understand key concepts• Expand your business knowledgeTo learn more, read “The Innovator's Solution” and never miss an opportunity for innovation again!
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Quotes

  • Kononova Oksanahas quoted6 years ago
    Be patient about growth
    To adequately fund your disruptive business idea, you’ll need to also keep organically growing the other parts of your business. The better your rate of corporate growth, the better equipped you are to tackle generating new growth and the more patient you can afford to be. If your boss consistently talks about growing very big very fast, that should raise a red flag. It suggests there is an attempt being made to force a disruptive technology into an established market – which never works. If you sense this is what the management are thinking, don’t take the job, because you’ll just be setting yourself up for failure.
  • Kononova Oksanahas quoted6 years ago
    business venture will come off the rails before it even leaves the gate.
    Find new line managers
    The managers who have delivered the best results for you in the past will be the least likely to be able to deliver success in your new-growth business. Therefore, you effectively have to force yourself to distrust those who have earned your trust in the past. Instead, look for new managers who are problem solvers. Find people who have grappled with comparable challenges in the past, and trust their ability to learn whatever is required to succeed with the new products and services.
  • Kononova Oksanahas quoted6 years ago
    Live with ambiguity
    Realize that in the early years of your new business venture, it won’t be possible to forecast what the best strategy is with any degree of certainty. Therefore, avoid investing in any strategy until there is quantitative data which shows that it works. Do all you can to accelerate the emergence of a viable strategy, but stay flexible until such time as empirical data becomes available.

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