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Good Days for Disruptors
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By Clayton M. Christensen and Martha E. Mangelsdorf
Spring 2009
Reprint 50314
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Volume 50, Number 3, pages 67-70, 4 pages
Primary Topic: Technology and Innovation
Secondary Topic: Corporate Strategy
SummaryClayton Christensen is best known for his ideas about how disruptive innovations can transform markets. In this wide-ranging interview, he discusses topics ranging from the downturn's effect on innovation to opportunities to improve the U.S. health care system. Christensen thinks the economic downturn will be good for innovation, because downturns force innovators to adapt their strategies to the market quickly and inexpensively. What's more, he notes that resource constraints stimulate breakthrough thinking. And, despite the recent problems in the financial markets, Christensen believes that, overall, innovation has been beneficial in financial services. He cites historical financial innovations, such as no-load mutual funds and index funds, as examples of the way disruptive innovations in financial services have benefited consumers. However, he also notes that there are markets in which regulation is necessary ù and the securities industry is one. Christensen, who is the coauthor of a new book on health care, The Innovator's Prescription, also discussed how disruptive innovation might improve the U.S. health care system. He explains how disruptive innovation helps make goods and services inexpensive and accessible. |
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