Clayton Christensen, Who Changed The Business World With His Theory Of ‘Disruptive Innovation,’ Dies At 67

, which influenced executives to change the way they conducted business, a devout Mormon and leader in the Church of Jesus Christ of Latter-day Saints, died Thursday, January 23 at the age of 67.

He played high school and college basketball and served as a missionary in South Korea in the early 1970s. As an economics undergraduate at Brigham Young University—he turned down acceptance to Harvard and Yale in accordance with his mother’s wish and the result of his own meditations—and met his future wife, Christine Quinn, there. After he graduated from Brigham Young, Christensen became a Rhodes scholar at Oxford University and received an M.B.A. degree at Harvard Business School.

Christensen’s belief was that arrogant status-quo companies stuck in their ways would ignore the scrappy startups. They did this to their own demise, as the underdog newcomers would ultimately gain wide acceptance and dominate their industries. The Innovator’s Dilemma: When New Technologies Cause Great Firms to Fail

Today, it seems every newly launched company considers themselves disruptive. The term was freely and casually tossed about to the dismay of Christensen. His definition of disruptive innovation was viewed as a stealth attack on the accepted business standards. Pompous senior-level executives—in their hubris—ridiculed their pint-sized rivals at their peril. These young dynamic companies tapped into a need of their consumers that weren’t met by the bigger players.

I loved his books and lectures.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Not too hot, not too cold—what the latest banking results tell us about America’s economy.alice_fulwood says the American economy is in an “almost Goldilocks scenario going into the election year—not too hot, not too cold”. She explains the significance of the latest results from America’s banking sector in “Money Talks”
Source: TheEconomist - 🏆 6. / 92 Read more »

How small businesses can prepare for climate change-driven disasters - Business InsiderNew from MarcusLimYJ: Climate change is already starting to affect small businesses in flood zones. Here's what the experts say about preparing your business for natural disasters.
Source: BusinessInsider - 🏆 729. / 51 Read more »

These are the world's most innovative countries. The US isn't even in the top 5. - Business InsiderDespite Germany's economy growing at its slowest pace since 2006, the country's innovation remains strong. America isn't innovative because it is an established nation, with lots of bureaucracy and red tape, bout time america started to get more innovative!! But we’re now right up there in the laughingstock category.
Source: BusinessInsider - 🏆 729. / 51 Read more »

US government, Congress, companies get ready for climate change crisis - Business InsiderOpinion: The climate crisis has already wreaked havoc on the US. Here's how we should start getting ready for the next disaster. By Priscilla Almodovar of EnterpriseNow. EnterpriseNow Don’t let the end of the world panic consume you. It’s just good clickbait for the media that profits from your outrage.
Source: BusinessInsider - 🏆 729. / 51 Read more »