The Innovator’s Dilemma: When New Technologies Cause Great Firms to Fail

b012bltm6i-01-lBook #18: The Innovator’s Dilemma: When New Technologies Cause Great Firms to Fail, Clayton Christiansen

To innovate is to take a risk.  And risk is the engine of the entrepreneurial market place.  Often where there is little risk, there is little reward.  But where there is great risk there is a great potential for reward, yet also a great potential for failure.  Good business supply products that are based on and cater to market demand.  But truly great companies create and define markets.  Apple has thrived by innovating a product you couldn’t even imagine and revolutionizing a market.  Apple has mastered the art of disruptive technology.  But this is not always the case.  Why is it that many well run and profitable companies fade away as a result of disruptive technologies.  In this book, Harvard Business professor Clayton Christiansen describes the phenomenon whereby companies of disruptive technologies often fail.  He outlines his observations about why this happens and his solution to avoiding market irrelevance in the wake of a disruptive technology.

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This book is definitely different from anything else I have read and posted so far and harkens back to my high school class in macroeconomics.   Continue reading

The Poverty of Nations: A Sustainable Solution

b00ehmmhwq-01-lBook #16: The Poverty of Nations: A Sustainable Solution, Wayne Grudem & Barry Asmus
The last century has seen the emergence economic theories ranging from free markets to centralized planning.  And across the world there are nations that live in prosperity and nations that live in poverty.  The prosperity of a nation is directly related to the economic and social policies of that nation.  In this book the authors discuss the reasons for impoverishment and a plan for how a nation can move from poverty or prosperity.  They blend free market economics with biblical teaching and social ethics to propose a path from poverty to prosperity.  It is a one of the best apologetics I have seen on the benefits of a free market economy.  It is a must read for anyone interested in free market economics and a biblical view of economic/social policy.
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