Every analyst or investor’s conclusion about the future of an investment is based upon a theory. In 1984, he and several professors from the Massachusetts Institute of Technology founded an advanced ceramics company called Ceramics Process Systems Corporation (now known as CPS Technologies). 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.” Editor’s note: Clayton Christensen died on Jan. 23, 2020. Not every hugely innovative technology is “disruptive” (though you wouldn’t know that from the way journalists and tech enthusiasts throw the word around). He returned to Harvard for doctoral study in business, receiving a Doctor of Business Administration degree in 1992. View Clayton M. Christensen, Karen Dillon, Taddy Hall, David S. Duncan-Competing Against Luck_ The Story from BUSINESS MISC at Amman Arab University. [citation needed] Christensen then returned to the United States to attend the Harvard Business School, receiving an MBA with high distinction in 1979. https://www.hbs.edu/news/releases/Pages/clayton-christensen-obituary.aspx “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. 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]. [14], Christensen was the best-selling author of ten books, including his seminal work The Innovator's Dilemma (1997), which received the Global Business Book Award for the best business book of the year. ... (the Clayton Christensen Institute), and launched consulting and investing firms. His theories have been relevant to me in my interests of entrepreneurship, product management, and trying to articulate world’s problems.. 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. "[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). Christensen, Clayton M.; Dillon, Karen; Hall, Taddy; Duncan, David (September 2016). [14], Christensen and his wife Christine (née Quinn) married in 1976. Online business courses, for example, now offer In „The Innovator’s Solution“ beschreiben Clayton M. Christensen und Michael E. Raynor, wie Unternehmen disruptive Innovationen erfolgreich selbst entwickeln und vermarkten können. 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. Christensen was a deliberate storyteller, and his business examples serve as parables; compelling and memorable, they give readers the context to apply his ideas to their own industries. and the fate of Digital Equipment Corporation (disrupted! Theories and Management •A theory is a statement of what causes what, & why Every action a manager takes is based upon a theory Every plan a manager makes is predicated upon a belief in cause and effect: that certain actions and events will lead to the envisioned outcomes. “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. These purposes demand very different implementations of a deal — from paying the right price to determining how employees and other resources will be handled. His legacy lives on and it’s one that investors need to understand. Clark. 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. Clayton M. Christensen, a Harvard professor whose groundbreaking 1997 book, “The Innovator’s Dilemma,” outlined his theories about the impact of … [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 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. Business model innovation: Product innovations might be necessary, but to be truly disruptive, they often need to be delivered to the market through new business models. [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 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. Here was this giant of management and innovation theory asking me to join his team and write a book, before “interviewing” me. They suggest that leaders take up other methods for evaluating investments — ones that consider future value. 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. But more importantly, they recalled the Latter-day Saint’s empathetic nature and his desire to serve individuals on a personal level. Following a quiet though valiant year-long battle with cancer, Clayton Christensen died Jan. 23, 2020. World-renowned innovation expert Clayton M. Christensen explores the personal benefits of business research in the forthcoming book How Will You Measure Your Life? Image courtesy of Jason Grow. In this post, I will breakdown his complete works on disruption – a theory of competitive response to an innovation. “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 2017 he was ranked number 3 in the Thinkers 50. Not All Innovation Is Disruption. [7] He grew up in the Rose Park neighborhood of Salt Lake City and attended West High School, where he was student body president. "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. summa cum laude in economics. 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. Silicon Valley has disrupted disruptive innovation, and Clayton Christensen isn’t happy about it. Clayton Christensen, founder of the disruptive innovation theory, attends the Tribeca Disruptive Innovation Awards during the 2012 Tribeca Film Festival. Christensen uses the “milk shake” example to show how product developers should be considering their task. They include: The threat of disruptive innovation: the core theory of why bad things happen to good companies. [7], In 2000, he founded Innosight LLC,[11] a consulting and training firm. A renowned Harvard Business School professor (he loved to teach, above all else). 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. Some of his other books are focused on specific industries and discuss social issues such as education and health care. 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