Clayton Christenson’s theory of disruptive innovation has had enormous influence on management thinking and investor’s approach to information technology.
The basic idea is explained at his web site.
… Keep ReadingAs companies tend to innovate faster than their customers’ needs evolve, most organizations eventually end up producing products or services that are actually too sophisticated, too expensive, and too complicated for many customers in their market.
Companies pursue these “sustaining innovations” at the higher tiers of their markets because this is