Tragedy of the commons – Wikipedia – good explanation of the concept; that a shared resource is vulnerable to exploitation by individuals seeking their own personal ends. A prisoner’s dilemma: if all agree to share, it’s best for all; if even one deviates and acts selfishly, it’s best for all individuals to act selfishly. Corporate…more
Clayton Christensen on sustaining innovation – keep the innovators free of obligation to shareholders, either by staying private or spinning off a new arm of the company; you must focus on growth, not profit, to innovate successfully. Also ignore your current customer base; for growth, you need new customers, not just your old ones again….more
Clayton Christensen Interview – Pleasing shareholders dooms companies that need to grow…”In The Innovator’s Solution you suggest, if I understand correctly, focusing on profit versus growth will prevent or impede innovation, thereby preventing future growth. And if we assume companies must innovate to grow, does that mean all public companies are incapable of innovation and…more