Here are the notes from the great book that was presented :
The Innovator’s Dilemma: When New Technologies Cause Great Firms to Fail?
- Market progress is separate from technology progress. Customers do not always know what they need.
- Innovation requires resource allocation which is extraordinarily difficult for disruptive technologies.
- Third: Disruptive technology needs a new market. Old customers are less relevant. Disruptive technology is a marketing problem, not a technological one.
- Organizations have narrow capabilities. New markets enabled by disruptive technologies require very different capabilities.
- Information required to make investment decisions does not exist. Failure and iterative learning are required.
- It is not wise to always be a leader or always a follower. Disruptive innovations reward leaders.
- Small entrant firms enjoy protection because they are doing things that do not make sense to the industry leaders
The Innovators > Clayton M. Christensen