"In our view, the crux of the problem is that investments in different types of innovation affect economies (and companies) in very different ways – but are evaluated using the same (flawed) metrics. Specifically, financial markets – and companies themselves – use assessment metrics that make innovations that eliminate jobs more attractive than those that create jobs.” This quote comes from the 2014 HBR article that Clayton Christensen and Derek van Bever co-authored, entitled The Capitalist’s Dilemma. As you’ll hear in this conversation, the article is as relevant today as it was when it was first published nearly a decade ago. In this episode – originally recorded as part of Aidan McCullen’s three month series on The Innovation Show dedicated to Clay’s life and work - Derek joins Aidan to discuss a number of topics related to the article's main theme, that being the assertion that “the tools we use to guide our investments are blind to the best opportunities for creating new jobs and new markets.” For instance, Derek considers how our behavior, in interacting with metrics, can often lead to unfortunate consequences; the pull of established markets; the different types of innovation (performance-improving, efficiency, and market-creating) and their respective impacts on growth; the scarcity of long-term investors; and the challenges faced by corporate innovators, to cite but a few examples. Also discussed are potential solutions to the capitalist's dilemma, along with the observation that if one understands the dilemma, then they are better equipped to respond to the challenges that it presents.
120. Butterfly's Digital Revolution In Ultrasound: A Conversation with Darius Shahida
119. Right Kind Of Wrong: A Conversation with Amy Edmondson
118. Leading Into The Age Of AI Through Fusion Strategy: A Panel Discussion
117. Creating Pathways To Opportunity at Western Governors University: A Conversation with Scott Pulsipher
116. Four Companies Creating a Market for Solar Energy in Nigeria: A Conversation with Efosa Ojomo and Sandy Sanchez
115. Build The Life You Want: A Conversation with Arthur Brooks and Karen Dillon
114. The Role of Senior Executives in Leading New Growth Initiatives: A Conversation with Robyn Bolton
112. The Microstress Effect: A Conversation with Rob Cross and Karen Dillon
111. Creating a Market for Solar Energy in Nigeria: A Conversation with Efosa Ojomo
110. Why AI Hasn't Helped Radiology (Until Now): A Conversation with Cameron Andrews
109. The Application Of Jobs To Be Done At LinkedIn: A Conversation with Craig Mackintosh
108. The Portfolio Life: A Conversation with Christina Wallace
107. Beautiful Trauma: A Conversation with Rebecca Fogg
106. Reimagining Financial Advice For The Modern World: A Conversation with Anders Jones
105. Here Be Dragons: A Conversation with Aidan McCullen
104. The Innovator's Dilemma: A Conversation with Matt Christensen
103. Unlocking Opportunities Through The Application of Jobs Theory: A Conversation with Alasdair Trotter
102. Customers Think In Trade-Offs: A Conversation with Pontus Siren and Shahriar Parvarandeh
101. Learning To Build: A Conversation with Bob Moesta
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