A disruptive innovation is a technologically simple innovation in the form of a product, service, or business model that takes root in a tier of the market that is unattractive to the established leaders in an industry.
From Clayton M. Christensen
Many think of management as cutting deals and laying people off and hiring people and buying and selling companies. That's not management, that's deal making. Management is the opportunity to help people become better people. Practiced that way, it's a magnificent profession.
In our personal lives, we have a lot of businesses going on. I have a profession, I'm a father, a spouse, a good member of my community. How much of my time and energy can I allocate to each of those things? What I allocate becomes the strategy I have for my family, and everything else.
There are three types of innovations that affect jobs and capital: empowering innovations, sustaining innovations and efficiency innovations.
The single most important factor in our long-term happiness is the relationships we have with our family and close friends.
There are direct paths to a successful career. But there are plenty of indirect paths, too.
The breakthrough innovations come when the tension is greatest and the resources are most limited. That's when people are actually a lot more open to rethinking the fundamental way they do business.
I brought one big question with me to Harvard. Why do smart companies fail?
By doing what they must do to keep their margins strong and their stock price healthy, every company paves the way for its own disruption.
To become the kind of person you want to become, you've got to have discipline. It's easier to keep to your standards 100 percent of the time versus 98 percent of the time.
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