Innovator’s Dilemma

The term innovator’s dilemma was first used by Clayton Christensen in his book of the same title. He describes it as the situation where an organization has achieved high success, possibly through innovation, and at a high-point of their achievements they are confronted with the situation whether merely to continue on the current path or embark on continued innovation to achieve possible further success. At first glance the first approach may seem to be the one with the lower risk. However, the long-term reality is that the first approach has the greater risk: while the first approach utilizes an exisiting success model this model will eventually run out. The innovator’s dilemma therefore is the challenge to be able to take on risk while all seems to go well without taking on risk. Josef’s programs will highlight in more detail how to navigate this situation and how to implement a strategy for innovation at a time of great success.