This is an important read for all in leadership and governance who are responsible to make those difficult decisions. It addresses decisions that all companies face ….. there is a caution against the same innovation that succeeded may not be the best today or even tomorrow.
Excerpt: In the mid-90s as CEO of Medtronic, I was concerned about whether we could sustain the remarkable success in innovation that we had enjoyed during the previous 10 years. As we grew, I knew it would be very difficult to continue to create the breakthrough innovations that had led to Medtronic’s high growth rate, which had exceeded 18% per annum for a decade. Then I read Clay Christensen and Joe Bower’s 1995 article “Disruptive Technologies: Catching the Wave” in HBR.