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Entrepreneurs Need A Detailed Understanding Of Their Customer’s Problems

The Horizons Tracker

This results in a growing amount of market power being concentrated in a small number of incumbents. They then create this idea and attempt to sell it on the market. This can result in our entire worldview revolving around that idea and block out vital bits of information about the market, our customers, and other key stakeholders.

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Revealing Leadership Insights From Thinkers50

Tanveer Naseer

And, the winner of the 2013 Thinkers50, Clay Christensen, now sees his ideas of disruptive innovation used and applied by managers in their relentless quest for competitive advantage. In The Innovator’s Dilemma , he looked at why companies struggle with radical innovation in their markets.

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Disruptive Business Models | N2Growth Blog

N2Growth Blog

So, in today’s post I’ll examine the power of disruption as a key business driver… Disruptive business models focus on creating, disintermediating, refining, reengineering or optimizing a product/service, role/function/practice, category, market, sector, or industry. When was the last time you entered a new market?

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New Year. New Leader.

Lead Change Blog

Here they are: Daniel Pink – In 2015, London-based Thinkers 50 named him, alongside Michael Porter and Clayton Christensen, as one of the top 10 business thinkers in the world. Would you like to meet my team? Amy Cuddy – She is known around the world for her 2012 TED Talk, which is the second-most-viewed talk in TED’s history.

Porter 150
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How Innovative Companies Help Frontier Markets Grow

Harvard Business Review

Efosa Ojomo, global prosperity lead at the Clayton Christensen Institute, argues that international aid is not the best way to develop poor countries, nor are investments in natural resource extraction, outsourced labor, or incremental improvements to existing offerings for established customer bases.

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Overcoming the Barriers to Corporate Entrepreneurship

Strategy Driven

Instead, longevity is based on entrepreneurial thinking and innovation – in exploring ways to adapt corporate and business strategies in response to market, technological, and social and cultural change. In this sense, the corporate entrepreneur must seek ways to build trust and reliance in the offering from the entrepreneurial initiative.

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When “Scratch Your Own Itch” Is Dangerous Advice for Entrepreneurs

Harvard Business Review

It lies behind successful product companies like Apple, Dropbox, and Kickstarter, but it can also lead entrepreneurs predictably to failure. This approach to entrepreneurship increases your market knowledge: as a potential user, you know the problem, how you’re currently trying to solve it, and what dimensions of performance matter.