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Summary : The Innovator’s Solution – Clayton Christensen & Michael Raynor
This book is currently unavailable
31 printed pages
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 agobusiness 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 agoLive 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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