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The Innovator's Dilemma
''The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail'', first published in 1997, is the best-known work of the Harvard professor and businessman Clayton Christensen. It expands on the concept of disruptive technologies, a term he coined in a 1995 article "Disruptive Technologies: Catching the Wave". It describes how large incumbent companies lose market share by listening to their customers and providing what appears to be the highest-value products, but new companies that serve low-value customers with poorly developed technology can improve that technology incrementally until it is good enough to quickly take market share from established business. Christensen recommends that large companies maintain small, nimble divisions that attempt to replicate this phenomenon internally to avoid being blindsided and overtaken by startup competitors. Subject matter Clayton Christensen demonstrates how successful, outstanding companies can do everything "right" and st ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Clayton Christensen
Clayton Magleby Christensen (April 6, 1952 – January 23, 2020) was an American academic and business consultant who developed the theory of " disruptive innovation", which has been called the most influential business idea of the early 21st century. Christensen introduced "disruption" in his 1997 book ''The Innovator's Dilemma'', and it led ''The Economist'' to term him "the most influential management thinker of his time." He served as the Kim B. Clark Professor of Business Administration at the Harvard Business School (HBS), and was also a leader and writer in the Church of Jesus Christ of Latter-day Saints (LDS Church). He was one of the founders of the Jobs to Be Done development methodology. Christensen was also a co-founder of Rose Park Advisors, a venture capital firm, and Innosight, a management consulting and investment firm specializing in innovation. Early life Clayton Christensen was born on April 6, 1952, in Salt Lake City, Utah, the second of eight children ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Market (economics)
In economics, a market is a composition of systems, institutions, procedures, social relations or infrastructures whereby parties engage in Exchange (economics), exchange. While parties may exchange goods and services by barter, most markets rely on sellers offering their goods or services (including labour power) to buyers in exchange for money. It can be said that a market is the process by which the value of goods and services are established. Markets facilitate trade and enable the distribution and allocation of resources in a society. Markets allow any tradeable item to be evaluated and priced. A market emergence, emerges more or less spontaneous order, spontaneously or may be constructed deliberately by human interaction in order to enable the exchange of rights (cf. ownership) of services and goods. Markets generally supplant Gift economy, gift economies and are often held in place through rules and customs, such as a booth fee, competitive pricing, and source of goods for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Management Books
Management (or managing) is the administration of organizations, whether businesses, nonprofit organizations, or a government bodies through business administration, nonprofit management, or the political science sub-field of public administration respectively. It is the process of managing the resources of businesses, governments, and other organizations. Larger organizations generally have three hierarchical levels of managers, organized in a pyramid structure: * Senior management roles include the board of directors and a chief executive officer (CEO) or a president of an organization. They set the strategic goals and policy of the organization and make decisions on how the overall organization will operate. Senior managers are generally executive-level professionals who provide direction to middle management. Compare governance. * Middle management roles include branch managers, regional managers, department managers, and section managers. They provide direction to front-l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1997 Non-fiction Books
Events January * January 1 – The Emergency Alert System is introduced in the United States. * January 11 – Turkey threatens Cyprus on account of a deal to buy Russian S-300 missiles, prompting the Cypriot Missile Crisis. * January 16 – Murder of Ennis Cosby: Near Interstate 405 (California) on a Los Angeles freeway, Bill Cosby's son Ennis is shot in the head in a failed robbery attempt. * January 17 – A Delta II rocket carrying a military GPS payload explodes, shortly after liftoff from Cape Canaveral. * January 18 – In northwest Rwanda, Hutu militia members kill 6 Spanish aid workers and three soldiers, and seriously wound another. * January 19 – Yasser Arafat returns to Hebron after more than 30 years, and joins celebrations over the handover of the last Israeli-controlled West Bank city. (→ Hebron Agreement) * January 23 – Madeleine Albright becomes the first female Secretary of State of the United States, after confirmation by the United States S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Journal Of Political Economy
The ''Journal of Political Economy'' is a monthly peer-reviewed academic journal published by the University of Chicago Press. Established by James Laurence Laughlin in 1892, it covers both theoretical and empirical economics. In the past, the journal published quarterly from its introduction through 1905, ten issues per volume from 1906 through 1921, and bimonthly from 1922 through 2019. The editor-in-chief is Esteban Rossi-Hansberg (University of Chicago). It is considered one of the top five journals in economics. JPE Micro and JPE Macro In 2023, University of Chicago Press announced the establishment of Journal of Political Economy Microeconomics (JPE Micro) and Journal of Political Economy Macroeconomics (JPE Macro), two new journals that are vertically integrated with the Journal of Political Economy. Abstracting and indexing The journal is abstracted and indexed in EBSCO, ProQuest, EconLit, Research Papers in Economics, Current Contents/Social & Behavioral Scien ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The New Yorker
''The New Yorker'' is an American magazine featuring journalism, commentary, criticism, essays, fiction, satire, cartoons, and poetry. It was founded on February 21, 1925, by Harold Ross and his wife Jane Grant, a reporter for ''The New York Times''. Together with entrepreneur Raoul H. Fleischmann, they established the F-R Publishing Company and set up the magazine's first office in Manhattan. Ross remained the editor until his death in 1951, shaping the magazine's editorial tone and standards. ''The New Yorker''s fact-checking operation is widely recognized among journalists as one of its strengths. Although its reviews and events listings often focused on the Culture of New York City, cultural life of New York City, ''The New Yorker'' gained a reputation for publishing serious essays, long-form journalism, well-regarded fiction, and humor for a national and international audience, including work by writers such as Truman Capote, Vladimir Nabokov, and Alice Munro. In the late ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jill Lepore
Jill Lepore is an American historian and journalist. She is the David Woods Kemper '41 Professor of American History at Harvard University and a staff writer at ''The New Yorker'', where she has contributed since 2005. She writes about American history, law, literature, and politics. Her essays and reviews have also appeared in ''The New York Times'', ''The Times Literary Supplement'', ''The Journal of American History'', ''Foreign Affairs'', the ''Yale Law Journal'', '' The American Scholar'', and the '' American Quarterly''. Three of her books derive from her ''New Yorker'' essays: ''The Mansion of Happiness: A History of Life and Death'' (2012), a finalist for the Carnegie Medal for Excellence in Nonfiction; ''The Story of America: Essays on Origins'' (2012), shortlisted for the PEN Literary Award for the Art of the Essay; and ''The Whites of Their Eyes: The Tea Party's Revolution and the Battle for American History'' (2010). Lepore's ''The Secret History of Wonder Woman'' (2 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cannibalization (marketing)
In marketing strategy, cannibalization is a reduction in sales volume, sales revenue, or market share of one product when the same company introduces a new product (business), product. Examples In e-commerce, some companies intentionally cannibalize their retail sales through lower prices on their online product offerings. More consumers than usual may buy the Discounts and allowances, discounted products, especially if they'd previously been Anchoring (cognitive bias) , anchored to the retail prices. Even though their in-store sales might decline, the company may see overall gains. Another example of cannibalization occurs when a retailer discounts a particular product. The tendency of consumers is to buy the discounted product rather than competing products with higher prices. When the promotion event is over and prices return to normal, however, the effect will tend to disappear. This temporary change in consumer behavior can be described as cannibalization, though scholars do ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Value Network
There is no agreed upon definition of value network. A general definition that subsumes the other definitions is that a value network is a network of roles linked by interactions in which '' economic entities'' engage in both tangible and intangible exchanges to achieve economic or social good. This definition is similar to one given by Verna Allee. Definitions Different definitions provide different perspectives on the general concept of a value network. Christensen Clayton Christensen defines a value network as: "The collection of upstream suppliers, downstream channels to market, and ancillary providers that support a common business model within an industry. When would-be disruptors enter into existing value networks, they must adapt their Business models to conform to the value network and therefore fail at disruption because they become co-opted." Fjeldstad and Stabell: Value configurations Fjeldstad and Stabell define a value network as one of three ways b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Innovation
Innovation is the practical implementation of ideas that result in the introduction of new goods or service (economics), services or improvement in offering goods or services. ISO TC 279 in the standard ISO 56000:2020 defines innovation as "a new or changed entity, realizing or redistributing value (economics), value". Others have different definitions; a common element in the definitions is a focus on newness, improvement, and spread of ideas or technologies. Innovation often takes place through the development of more-effective product (business), products, processes, Service (economics), services, technologies, art works or business models that innovators make available to Market (economics), markets, governments and society. Innovation is related to, but not the same as, ''invention'': innovation is more apt to involve the practical implementation of an invention (i.e. new / improved ability) to make a meaningful impact in a market or society, and not all innovations requir ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harvard
Harvard University is a private Ivy League research university in Cambridge, Massachusetts, United States. Founded in 1636 and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of higher learning in the United States. Its influence, wealth, and rankings have made it one of the most prestigious universities in the world. Harvard was founded and authorized by the Massachusetts General Court, the governing legislature of colonial-era Massachusetts Bay Colony. While never formally affiliated with any denomination, Harvard trained Congregational clergy until its curriculum and student body were gradually secularized in the 18th century. By the 19th century, Harvard emerged as the most prominent academic and cultural institution among the Boston elite. Following the American Civil War, under Harvard president Charles William Eliot's long tenure from 1869 to 1909, Harvard developed multiple professional schools, which transfo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Clayton Christensen World Economic Forum 2013
Clayton may refer to: People and fictional characters *Clayton (name), a list of people and fictional characters with the surname or given name * Clayton baronets * The Clayton Brothers, Jeff and John, jazz musicians * Clayton Brothers, Rob and Christian, painter artists Places Canada * Clayton, Ontario * Rural Municipality of Clayton No. 333, Saskatchewan Australia * Clayton, Victoria ** Clayton railway station, Melbourne * Clayton Bay, a town in South Australia formerly known as Clayton * Electoral district of Clayton, a former electoral district in Victoria United Kingdom * Clayton, Manchester * Clayton, South Yorkshire * Clayton, Staffordshire, in Newcastle-under-Lyme * Clayton, West Sussex * Clayton, West Yorkshire * Clayton-le-Dale, Lancashire * Clayton-le-Moors, Lancashire * Clayton-le-Woods, Lancashire United States * Clayton, Alabama * Clay County, Arkansas, formerly "Clayton County" * Clayton, California, in Contra Costa County * Clayton, Delaware * Clayton, Geor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
