ANNOTATION

This lucid and provocative analysis of corporate failure should be required reading for CEOs and managers. It`s not about small or mismanaged companies, but of sterling national and international corporations that failed in large measure because they were customer-oriented and did everything right. This is succinctly pointed out by the author in the subtitle of his publication, `When New Technologies Cause Great Firms to Fail`. Herein lies the crux of the dilemma as Dr. Christensen analyzes not only why great companies fail, but also discusses and examines the concepts and issues of managing disruptive technological change. Certainly incompetence, arrogance and bureaucracy deserve a share of the credit, but the patterns of failure are far more fundamental and go deeper. Dr. Christensen is associated with the Harvard Business School.

FROM THE PUBLISHER

This book takes the radical position that great companies can fail precisely because they do everything right. It demonstrates why outstanding companies that had their competitive antennae up, listened astutely to customers, and invested aggressively in new technologies still lost their market leadership when confronted with disruptive changes in technology and market structure. And it tells how to avoid a similar fate. Using the lessons of successes and failures of leading companies, The Innovator's Dilemma presents a set of rules for capitalizing on the phenomenon of disruptive innovation. These principles will help managers determine when it is right not to listen to customers, when to invest in developing lower-performance products that promise lower margins, and when to pursue small markets at the expense of seemingly larger and more lucrative ones.

SYNOPSIS

In his cut-to-the-core wake-up call to all businesspeople, Christensen proves that even the greatest companies can be destroyed by new technologies. According to a recent Forbes cover story, The Innovator's Dilemma ought to chill any executive who feels bulletproof -- and inspire entrepreneurs aiming their guns."

FROM THE CRITICS

Forbes Magazine

This book ought to chill any executive who feels bulletproof—and inspire entrepreneurs aiming their guns.

Business Week

The Innovator's Dilemma is becoming a handbook for CEOs remaking their businesses for the Net.

Context

Christensen marshals so much data and analysis in support of his position that he makes a powerful case.

WHAT PEOPLE ARE SAYING

. . .is absolutely brilliant. — Michael R. Bloomberg

This book addresses a tough problem that most successful companies will face eventually. It's lucid, analytical–and scary. (Dr. Andrew S. Grove, chairman & CEO, Intel Corporation) — Andrew S. Grove

[A] masterpiece...The most profound and useful business book ever written about innovation. (George Gilder, Gilder Technology Report) — George Gilder

Clayton Christensen's groundbreaking book...brings fresh insight and understanding to the complex and critically important relationships between technological change and business success...His conclusions provide food for thought for the top management of every company. (Richard N. Foster, Director, McKinsey & Company) — Richard N. Foster

The Innovator's Dilemma captures the critical role of leadership in creating markets. (John Seely Brown, chief scientist, Xerox Corp., and director, Xerox Parc) — John Seely Brown

Absolutely brilliant. Clayton Christensen provides an insightful analysis of changing technology and its importance to a company's future success. (Michael R. Bloomberg, CEO & Founder, Bloomberg Financial Markets) — Michael R. Bloomberg

This is a compelling argument, thoroughly researched and superbly written, which challenges conventional theory. (Jon Hughes, Supply Management) — Jon Hughes