added by Tom Critchlow and · updated 2y ago
Why do big businesses seemingly suck at innovation?
So, you have to ask yourself — why is it that smart, disciplined people who seem genuinely committed to a customer-centric mission make product decisions that they know are going to be bad for the long-term health of their business and counterproductive to their mission?
The answer is simple — it’s a business model problem.
from You Are Your Business Model - by recently noted
sari added
- successful companies don’t succeed because they have the right strategy at the beginning; but rather, because they have money left over after the original strategy fails, so that they can pivot and try another approach. Most of those that fail, in contrast, spend all their money on their original strategy—which is usually wrong.
from How Will You Measure Your Life? by Clay Christensen
sari added