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CHAPTER 1; TODAY'S INNOVATION PUZZLE (Innovation (Incremental…
CHAPTER 1; TODAY'S INNOVATION PUZZLE
Only few companies survive for more than 40 years
Innovation
Incremental Innovation
Discontinuous Innovation
Architectural Innovation
Main Concepts in Chapter 1
Disruptive Innovation
Ambidextrous leadership
Dynamic Capabilities
Unsuccessful companies
Reasons for lack of success
Lack of strategic leadership
Failure to understand the need for change
Failure to leverage on existing capabilities
Example: Blockbuster
Successful Companies
Reasons for Success
Ambidextrous leaders
Ability to capitalise on dynamic capabilities
dynamic capability allows them to be flexible and adapt to changing markets and technology
Example: Netflix