Summary: THE INNOVATORS DILEMMA AND SOLUTION: Max Wessel, a Senior Fellow with Harvard Business School’s Forum for Growth and Innovation, explains how even the most outstanding companies can do everything right – yet still lose market leadership and relevance. By placing too great an emphasis on satisfying customers’ current needs, established industry participants regularly fail to adapt or adopt new technologies that will meet customers’ unstated or future needs. Instead, disruptive innovation overwhelmingly is introduced to an industry by outsiders who often displace established players. Max explains this dilemma and offers some suggestions for how established companies can improve their chances of introducing disruptive innovations to their own industries and how to respond to the disruptive innovations of outsiders. ADDITIONAL INFORMATION: A pdf transcript of this episode is available (or will be made available shortly) for download at robertgbarnwell.com. In addition, listeners are invited to explore the many executive briefings, whitepapers, case studies and other information and tools available (no registration required) at robertgbarnwell.com. CONSULTING SERVICES: On a limited basis and subject to availability, professor Barnwell is pleased to work with the senior leadership of companies undergoing significant strategic or enterprise-wide change. Clients are typically multi-national corporations or the large subsidiaries of such companies with revenues in excess of $250.0 million. If you would like to learn more about Professor Barnwell and his services, please visit robertgbarnwell.com or email Robert directly at Robert@robertgbarnwell.com.
