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Reading notes #3

Open yubozhao opened 7 years ago

yubozhao commented 7 years ago

What remains so compelling about Christensen’s work is not its analysis of disk drives or steel mills but rather the focus on incentives, and how managers failed precisely because they did what they were supposed to do: meet the needs of their best customers in a way that ensured the viability and continued growth of their business — at least in the short term. The problem came when new technologies that were inferior for current customers’ needs made it possible to serve completely new customers at lower prices; rational managers at incumbent companies would dismiss those technologies, allowing new entrants to serve those markets, but given that inferior technologies improve far more quickly than do user needs, those new entrants would eventually threaten incumbents with cheaper technology that was just as good if not better.

yubozhao commented 7 years ago

Book refers to innovator's dilemma

yubozhao commented 7 years ago

Next time. I need also cited where when I saw this.

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