clayton christensen theories

After completing his doctorate, Christensen joined the Harvard Business School's faculty and set a record by achieving the rank of "full" professor in only six years. Christensen’s work on disruption is nuanced and often misunderstood. Here Christensen runs Digital Equipment Corporation through his framework to show how it can be used to explain that company’s infamous reversal of fortune. Mahwah, NJ: Lawrence Erlbaum Associates. Seeing What's Next: Using Theories of Innovation to Predict Industry Change [7] He grew up in the Rose Park neighborhood of Salt Lake City and attended West High School, where he was student body president. Clayton Christensen Has a New Theory ... One night, years ago, Harvard Business School professor Clayton Christensen decided to give his family a brand identity. Not every start-up will beat the incumbent. In “How Will You Measure Your Life?” Christensen reflects on his use of storytelling to persuade one powerful CEO to change strategy and go to the bottom of the market. However, due to constant misinterpretation, Christensen often wrote articles trying to explain the concept even further. He was 67. Christensen was an avid basketball player who stood 6 ft 8 in (2.03 m) tall, and later became the starting center on the men's basketball team during his time at the University of Oxford.[8]. The extendable core: How do you know how big a particular threat to your business actually is? Kristin Murphy, Deseret News SALT LAKE CITY — Clayton Christensen, whose theory of disruptive innovation made him a key influence on Silicon Valley powerhouses like Netflix and Intel and twice earned him the title of the world’s most influential living management thinker, died Jan. 23 at … Coauthored with James Allworth and Karen Dillon, the book explains how well-tested academic theories can help us find meaning and happiness not just at work, but in life. In the decades since Clayton M. Christensen first shared his Theory of Disruptive Innovation with the world, his thinking has led to the creation of billions of dollars of revenue, hundreds of companies, and an entirely new paradigm for … In “What is Disruptive Innovation?” Christensen and his coauthors revisit the essential concepts, show the importance of using the term precisely, and share what they have learned from two decades’ application of the idea in the field. Christensen, Clayton M.; Bartman, Tom; van Bever, Derek (September 2016). The concept has been growing in interest over time since 2004, according to Google Trends' data. Here we’ve collected the most essential and influential of Christensen’s HBR articles. In 2005, together with his colleagues at Innosight, he launched Innosight Ventures, a venture firm focused on investing in South Asia, Southeast Asia, and East Asia. Clayton Christensen taught me patience, showed me love, then gave me confidence and hope ... but I was also determined to make a case for why we should take the theories … The Innovator's Dilemma, according to Christensen, describes companies whose successes and capabilities can actually become obstacles in the face of changing markets and … Disruptive innovation, revisited: The ideas summed up in the phase “disruptive innovation” have become a powerful part of business thinking in the 20 years since they were introduced — but they’re in danger of losing their usefulness, because they’ve been misunderstood and misapplied. Clayton M. Christensen's 70 research works with 23,247 citations and 49,145 reads, including: Disruptive Innovation: An Intellectual History and Directions for Future Research 1977), was a member of Duke University's 2001 National Championship basketball team. Clayton Christensen, founder of the disruptive innovation theory, attends the Tribeca Disruptive Innovation Awards during the 2012 Tribeca Film Festival. The theory explains the phenomenon by which an innovation transforms an existing market or sector by introducing simplicity, convenience, accessibility, and affordability where … To grow profit margins and revenue, he observes, such companies tend to develop products to satisfy the demands of their most sophisticated customers. Clayton Christensen, the business scholar who coined the term “disruptive innovation,” died at a Boston hospital this week, the Deseret News reports.He was 67. All rights reserved. Christensen served as its president and CEO through the late 1980s, then decided to leave the company and become a university professor. "Disruption" and "disruptive innovation" concepts. Understanding these pieces is critical for strategy teams, product development units, and organizational leaders. These purposes demand very different implementations of a deal — from paying the right price to determining how employees and other resources will be handled. He "decided to make the decision a matter of prayer" and felt a "clear impression" to attend BYU, which had awarded him a full scholarship. ... (the Clayton Christensen Institute), and launched consulting and investing firms. He was also a moving force behind the creation of For All The Saints, a book by Kristen Smith Dayley on the history of the LDS Church in New England, published in 2012 to which Christensen wrote the foreword. [citation needed], He served on the board of directors of Tata Consultancy Services (NSE: TCS), Franklin Covey (NYSE: FC), and the Becket Fund for Religious Liberty. [9] While at BYU, he took a two-year leave of absence from 1971 to 1973 to serve as a volunteer full-time missionary for the LDS Church. Christensen uses the “milk shake” example to show how product developers should be considering their task. Clayton Christensen, the distinguished Harvard Business School professor who died earlier this year, will in all likelihood be best remembered … To Christensen, the role of every general manager is to lay a foundation for future growth. Clayton M. Christensen, widely regarded as one of the world’s top experts on innovation and growth and author of the theory of disruptive innovation, says executives often fail because they study the wrong product and customer data, which leads them to unwittingly design innovation processes that “churn out mediocrity.” [19], In February 2010, Christensen was diagnosed with follicular lymphoma,[20] and in July 2010 he had an ischemic stroke that damaged his speech and required him to undergo speech therapy. They include: The threat of disruptive innovation: the core theory of why bad things happen to good companies. In “Reinventing Your Business Model,” Christensen and his coauthors describe how to determine if your company needs a new business model and what makes one successful, using examples ranging from Apple’s iTunes to CVS’s MinuteClinics. [21][22] In 2011, Christensen published two books: The Innovative University[23] and The Innovator’s DNA (Harvard Business Press). “Skate to Where the Money Will Be” describes a pattern of evolution of markets and industries that can help managers see where their next source of profits will be — so that they don’t find themselves outpaced by another company in that new sphere. Clay was many things to many people. Organizational structure: “Meeting the Challenge of Disruptive Change” describes how leaders can structure their organizations to allow the kinds of innovation that stave off disruption. Silicon Valley has disrupted disruptive innovation, and Clayton Christensen isn’t happy about it. Clayton Christensen writes about the experiences that have shaped his life and personal faith and have encouraged him to live a life of dedication and service. In “How Will You Measure Your Life?” he uses concepts from business to challenge readers to manage their careers and personal lives in a way that leads to lasting satisfaction. It expands on the concept of disruptive technologies, a term he coined in a 1995 article Disruptive Technologies: Catching the Wave. Online business courses, for example, now offer "The Hard Truth about Business Model Innovation", "Clayton Christensen's insights will outlive him", "Clayton Christensen, Guru of 'Disruptive Innovation,' Dies at 67", "Clayton Christensen dies at 67 after lifetime of business, spiritual influence", "Clayton Christensen: Just a Guy from Rose Park", https://www.innosight.com/team_bio/christensen-clayton-m/, "Clayton M. Christensen - Faculty - Harvard Business School", "Mormons in the ACC: Tar Heel guard plans to serve mission, while former Duke center reflects on career", "Clayton Christensen: The Survivor - Forbes.com", "Harvard Professor Clayton M. Christensen Turned His Life Into a Case Study", "Clayton M. Christensen receives Herbert Simon Award", https://en.wikipedia.org/w/index.php?title=Clayton_Christensen&oldid=996556258, American Mormon missionaries in South Korea, American leaders of The Church of Jesus Christ of Latter-day Saints, Articles lacking reliable references from November 2014, Articles with unsourced statements from October 2020, Articles with unsourced statements from January 2020, Wikipedia articles with CANTIC identifiers, Wikipedia articles with SUDOC identifiers, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License. Disruptive Innovation. and the fate of Digital Equipment Corporation (disrupted! Christensen returned to BYU after completing his missionary service, and in 1975 graduated with an Honors B.A. One of the main concepts depicted in this book is also his most disseminated and famous one: disruptive innovation. Following a quiet though valiant year-long battle with cancer, Clayton Christensen died Jan. 23, 2020. Christensen and his coauthor build on the jobs-to-be-done theory and introduce the “extendable core” — the part of a disrupter’s business model that enables it to keep undercutting you as it creeps upmarket into your territory. ), Instructional-design theories and models: A new paradigm of instructional theory (Vol. Some of his other books are focused on specific industries and discuss social issues such as education and health care. Clayton M. Christensen is best known for his theory of disruptive innovation, in which he warns large, established companies of the danger of becoming too good at what they do best. Harvard Business School Professor Clayton Christensen is the architect of and the world’s foremost authority on disruptive innovation. His legacy lives on and it’s one that investors need to understand. Their eldest son, Matthew Christensen (b. II, pp. He was assigned to serve in South Korea and became a fluent speaker of Korean. The organization was founded as the Innosight Institute in 2009 by Harvard Business School professor Clayton Christensen, Michael Horn and Jason Hwang to create a continuing discussion of public education and health research. Clayton M. Christensen, a prominent Utah-born business theorist and consultant, devout Latter-day Saint and framer of the influential concept of “disruptive innovation,” died Thursday. His theories have been relevant to me in my interests of entrepreneurship, product management, and trying to articulate world’s problems.. The theory of disruptive innovation was first coined by Harvard professor Clayton M. Christensen in his research on the disk-drive industry and later popularized by his book The Innovator’s Dilemma, published in 1997. Clayton M. Christensen is best known for his theory of “disruptive innovation,” but he published a number of seminal articles on management, exploring everything from organizational structure to product innovation; financial tools to mergers and acquisitions. Contents Cover Title Page Section 1: An View Clayton M. Christensen, Karen Dillon, Taddy Hall, David S. Duncan-Competing Against Luck_ The Story from BUSINESS MISC at Amman Arab University. What makes good management theory: By testing a business theory with the scientific method — by conducting a reality check — we can learn whether the theory will really help us predict the future. Not every hugely innovative technology is “disruptive” (though you wouldn’t know that from the way journalists and tech enthusiasts throw the word around). After graduating from BYU, Christensen won a Rhodes Scholarship and spent two years studying applied econometrics at Oxford's Queen's College, receiving an M.Phil. "[3][4] 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). The latter two books have received numerous awards as the best books on education and health care in their respective years of publication. How could the management team that had been rightfully lauded for its brilliance by every popular business publication have stumbled so badly? [citation needed] Christensen then returned to the United States to attend the Harvard Business School, receiving an MBA with high distinction in 1979. In 2017 he was ranked number 3 in the Thinkers 50. Christensen died last Friday at age 67, renewing debate over his ideas about why some businesses adjust to competition and some don’t. “The New M&A Playbook” explains that the failures often stem from a lack of clarity about why a merger or acquisition is being pursued. Theory-Action-Review cycles from Evaluating Clayton Christensen and Disruptive Technologies – 27 June 2006 30 Alex Burns (alex@alexburns.net). [12] He also served for a time on the editorial board of the Deseret News. To that end, managers need to understand disruptive innovation, the threat it poses, and how to lead their teams and organizations to create growth that can keep pace with ever-evolving technologies, industries, and customers. Clayton Christensen’s Innovation Theory: The Innovator’s Dilemma and Disruption theory In the Innovators Dilemma, Professor Clayton Christensen outlines how smaller companies can supersede large corporations and take on large market shares due to offerings of disruptive products and services – often with smart technology and at a low price. ... Mr Christensen, who died of leukaemia on January 23rd, aged 67, was endlessly seeking answers. They had three sons, Matthew, Michael, and Spencer, and two daughters, Ann and Catherine. Clayton M. Christensen, a Harvard professor whose groundbreaking 1997 book, “The Innovator’s Dilemma,” outlined his theories about the impact of … Disruptive Technologies: Catching the Wave, Meeting the Challenge of Disruptive Change, Marketing Malpractice: The Cause and the Cure, Innovation Killers: How Financial Tools Destroy Your Capacity to Do New Things, Why Hard-Nosed Executives Should Care About Management Theory. Karen Dillon — Christensen’s longtime collaborator and guest editor of this special issue of MIT Sloan Management Review — had a … Schumpeter Clayton Christensen’s insights will outlive him. Those who know Christensen’s work are familiar with the success of steel minimills (disrupters!) “Why Hard-Nosed Executives Should Care About Management Theory,” argues for a more rigorous testing of theories so that managers can gain a better sense of whether an idea is relevant to their specific situation. But the failure rate of M&A is somewhere between 70% and 90%. According to Merriam Webster, disruption is "to cause (something) … Copyright © 2020 Harvard Business School Publishing. Disruptive innovation, a term of art coined by Clayton Christensen, describes a process by which a product or service takes root initially in simple applications at the bottom of a market and then relentlessly moves up market, eventually displacing established competitors. Much of that picture comes from the case studies embedded in each article. In them, Christensen examines many different pieces of the disruption puzzle. [10], After receiving his MBA in 1979, Christensen began working for Boston Consulting Group (BCG) as a consultant and project manager. In C. M. Reigeluth (Ed. The Innovator's Dilemma. [24][25], The Church of Jesus Christ of Latter-day Saints, 2001 National Championship basketball team, "Will disruptive innovations cure health care?". Coined in the early 1990s by Harvard Business School professor Clayton Christensen, the term has become … A personal strategy: Christensen extends his examination to the personal realm, arguing that bad things sometimes happen to good people because those people lack a strategy for their lives. [1][2] 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. Where your industry’s future growth lies: If disruption is predictable, we should be able to step back and look at markets as a whole to understand how disruption will change an industry over time. But more importantly, they recalled the Latter-day Saint’s empathetic nature and his desire to serve individuals on a personal level. In a recent discussion, panelists who knew the late Harvard professor Clayton Christensen spoke about the profound impact and influence the businessman had in the world in terms of his theories and ideas. This article is adapted from The Clayton M. Christensen Reader (Harvard Business Review Press, 2016). In 2007, he co-founded Rose Park Advisors LLC (named after the neighborhood in Salt Lake City where he was raised), an investment company which applies his research as an investment strategy. Clayton M. Christensen, a prominent Utah-born business theorist and consultant, devout Latter-day Saint and framer of the influential concept of “disruptive innovation,” died Thursday. [13], At HBS, he taught an elective course he designed called "Building and Sustaining a Successful Enterprise", which teaches how to build and manage an enduring, successful company or transform an existing organization, and also in many of the school's executive education programs. Understanding those pieces is critical for strategy teams, product development units, and organizational leaders. Jill Lepore, a professor of history at Harvard and writer for the New Yorker, has written a critique of Clayton Christensen’s theory of disruptive innovation that is worth thinking through.Christensen’s The Innovator’s Dilemma (the dilemma is for firms to continue making the same decisions that made them successful, which will lead to their downfall) has been incredibly influential … [7] In 1982, he was named a White House Fellow and took a one-year leave of absence from BCG to work in Washington, D.C. as an assistant to the U.S. Secretary of Transportation, serving under both Drew Lewis and Elizabeth Dole. [17] He served in several leadership positions in the church, including as an area seventy from 2002 to 2009, a counselor in the presidency of the Massachusetts Boston Mission, and as a bishop. Clayton M. Christensen is best known for his theory of “disruptive innovation,” introduced in his book “The Innovator’s Dilemma.” In which Christensen demonstrates how successful companies can do everything “right” and yet still lose their market leadership, as new competitors rise and take over the market. In „The Innovator’s Solution“ beschreiben Clayton M. Christensen und Michael E. Raynor, wie Unternehmen disruptive Innovationen erfolgreich selbst entwickeln und vermarkten können. An upstart can therefore introduce a simpler product that is cheaper and thus becomes more widely adopted (a “disruptive innovation”). In a recent discussion, panelists who knew the late Harvard professor Clayton Christensen spoke about the profound impact and influence the businessman had in the world in terms of his theories and ideas. Here is a collection of 11 essential articles. In both 2011 and 2013 he was ranked number 1 in the Thinkers 50, biannually awarded and is considered the world's most prestigious ranking of management thinkers. [9] He majored in economics, and in his first-year economics course was classmates with future U.S. presidential candidate Mitt Romney and future Harvard Business School dean Kim B. In Understanding the complete works of Christensen on Innovation, I pieced together Clayton’s theories to be understood holistically – from the beginning to now.In this post, I review the criticism against his theories with the goal of further strengthening the understanding and the use of critical thinking when working with his theories. Christensen was awarded a full professorship with tenure in 1998, and held eight honorary doctorates and an honorary chaired professorship at the National Tsinghua University in Taiwan. Clayton Christensen, one of the most influential business management thought leaders of a generation, prolific author revered for his revolutionary theory of … But instead of telling him what to think, I [told him the story of the minimills and] taught him how to think.” Christensen’s articles do the same for readers. The role of business models in M&A: To reinvent their business models, companies sometimes decide to merge with or acquire another firm. Christensen died last Friday at age 67, renewing debate over his ideas about why some businesses adjust to competition and some don’t. 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, Clayton M.; Dillon, Karen; Hall, Taddy; Duncan, David (September 2016). Every analyst or investor’s conclusion about the future of an investment is based upon a theory. Before surveying and interviewing experts on each of the 77 cases, we identified four key elements of the theory of disruption: (1) that incumbents in a market are improving along a trajectory of sustaining innovation, (2) that they overshoot customer needs, (3) that they possess the capability to respond to disruptive threats, and (4) that incumbents end up floundering as a result of the disruption. After graduating from high school in 1970, Christensen was accepted to Harvard University, Yale University, and Brigham Young University (BYU). Product innovation: “Marketing Malpractice: The Cause and the Cure” again asks why good managers struggle to innovate successfully, this time focusing on the discipline of product innovation itself, rather than on organizational and management structures. That's because the app store, and not the iPhone, was the disruptive innovation that led to the huge success of the iPhone. Here was this giant of management and innovation theory asking me to join his team and write a book, before “interviewing” me. https://chiefexecutive.net/clayton-christensen-innovation-answer The world’s most influential management thinker. It outlines several classic examples — primarily disk drives, along with Apple and Digital Equipment Corporation — to show that there is a pattern big companies should pay attention to. The Innovator's Prescription was also awarded the 2010 James A. Hamilton Award, by the College of Healthcare Executives. Christensen, Clayton M.; Ojomo, Efosa; Dillon, Karen (2019), This page was last edited on 27 December 2020, at 08:56. [6], Clayton Christensen was born on April 6, 1952, in Salt Lake City, Utah, the second of eight children born to Robert M. Christensen (1926–1976) and his wife, Verda Mae Christensen (née Fuller; 1922–2004). Seeing What's Next: Using Theories of Innovation to Predict Industry Change [Clayton M. Christensen, Erik A. Roth, Scott D. Anthony] on Amazon.com. “If I’d been suckered into telling Andy Grove what he should think about the microprocessor business, I’d have been killed. Here we present some of his seminal HBR pieces through an adaptation of the introduction to the book The Clayton M. Christensen Reader. Editor’s note: Clayton Christensen died on Jan. 23, 2020. By understanding the tasks that customers look to a product for (the “job to be done”), a company can develop offerings — products, services, and whole brands — that customers truly value. Disruptive Innovation. *FREE* shipping on qualifying offers. Clay Christensen, Harvard Business School professor and the world's most influential management guru according to the Thinkers50, lays out his landmark theory. Clayton Christensen, whose innovator's dilemma theory is considered one of the most important business ideas ever, has sadly died. “The New Yorker article — “The Disruption Machine: What the gospel of innovation gets wrong” — was written by another Harvard faculty member, Jill Lepore, a historian and staff writer at the New Yorker. Clay was named the World’s Most Influential Business Management Thinker in 2011 and 2013. Image courtesy of Jason Grow. If playback doesn't begin shortly, try restarting your device. The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail, generally referred to as The Innovator's Dilemma, first published in 1997, is the best-known work of the Harvard professor and businessman Clayton Christensen. Clayton M. Christensen, a Harvard professor whose groundbreaking 1997 book, “The Innovator’s Dilemma,” outlined his theories about the impact of what he … in 1977. “Surviving Disruption” helps you calculate the strengths of your own potential disrupter’s business model along with your own relative advantages and determine what conditions could keep your disrupter from triumphing. In his book, The Innovator's Dilemma, Professor Clayton Christensen of Harvard Business School describes a theory about how large, outstanding firms can fail "by doing everything right." Outlive him board of the disruptive innovation: the core theory of competitive response to an innovation,... Innovation, that product is refined and moves upmarket, completing the disruption of the main depicted. Going to be disrupted Reader ( Harvard business School paradigm of instructional theory Vol! The threat of disruptive innovation awards during the 2012 Tribeca Film Festival: Using theories innovation! 'S Prescription was also awarded the 2010 James A. clayton christensen theories Award, the. Professor ( he loved to teach, above all else ) was clayton christensen theories the world ’ most! And organizational leaders and become a university professor 67, due to complications from his.! Died of leukaemia on January 23, 2020, aged 67, was endlessly seeking answers by app. For companies to innovate are really after business model reinvention or are simply looking to bolster their current.. Of Duke university 's 2001 National Championship basketball team the Tribeca disruptive innovation awards during the 2012 Tribeca Festival! Institute ), and organizational leaders most important business ideas ever, sadly! 30 Alex Burns ( Alex @ alexburns.net ) will You Measure your?! Instructional-Design theories and models: a new paradigm of instructional theory ( Vol and moves upmarket completing. Awards as the best books on education and health care his complete works on disruption – a of... 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