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The Innovator's Dilemma : Lessons Learnt

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Submitted By jotlags
Words 679
Pages 3
Florida International University

Name:

Laguda .R. Olanrewaju Panther ID:

2349060 Course:

EIN 6325 – Business Plan Development HW:

Book Report on: The innovator’s Dilemma Instructor:

Professor Robert .H. Hacker

Lessons Learnt: The Innovator’s Dilemma One would think channeling huge resources into research, making as few mistakes as possible and managing better would keep a company head and shoulders ahead of its competition, a pacesetter in its industry and thereby guarantee its future; but history suggests this is not always the case. As consumers and on lookers, we usually do not know the reason for the demise of these heavyweights, we guess and ponder and speculate but the innovator’s dilemma has succeeded in removing the veil from our eyes. It take us into the inner workings of industries, makes a very plausible case for technological change as a big factor in the survival of a company, why it would seem logical for a startup to outpace and outlive its predecessor with deep pockets. It presents a different perspective to common knowledge of what it takes to excel as an organization, an archetype to deal with technological change and most importantly for me, what to concentrate on as a potential entrepreneur, possible advantages a startup can have and slip ups by huge predecessors I can leverage upon. Below are

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