In our world of work and business, competition is a real thing. Too often, however, we miss the real competitor. We overlook the root of what our products are really competing against. As Peter Drucker famously said: “The customer rarely buys what the company thinks it is selling him.”
Why do we miss the mark when it comes to competing in products and services? Why do the majority of innovations fall short of their desired objectives? Are you competing against luck?
One of the great leaders and thinkers of our time is Clayton Christensen, ”a down-to-earth” alum of BYU, Oxford and Harvard. His book The Innovators Dilemma has impacted the business world perhaps more than any other book in recent history. He has expanded his research and applied his theories to other industries like health care, higher education and even governments and tax systems.
I found two recent articles about Clayton Christensen that have increased my understanding about leadership: The first is published in the BYU Magazine’s Spring 2013 edition. (As a BYU alum I get the magazine in the mail; it will be available online in a few months.) The second article is an interview in Wired magazine. In this interview author Jeff Howe asks Christensen questions about his career and sheds thought-provoking light on how he became so important to the business world.
So how do leaders make lasting change? According to Christensen, you keep nimble and respond to up-and-coming innovations at the bottom of the market. You make a concerted effort to not let your company become vulnerable to what Christensen coined as disruptive innovation.
What’s even more important to Christensen is the application of his theories to individual lives; making lasting change in your personal life. He recently wrote the book How Will You Measure Your Life in response to his experiences with former classmates and students. Rather than attempting to explain it I will point you to a TED video where Clayton describes it himself.
If you really want to make lasting change in your life, understand these principles. In the end, says Christensen: “God will measure my life by the individual people that I have blessed.” That’s how you make lasting change.
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The Product Management Perspective: Product managers operate in a very interesting position (in light of Clayton Christensen’s theories): they need to innovate and keep their products viable. However, the very things they do to innovate lead to The Innovator’s Dilemma if not watched and guarded closely. Take a careful look at Christensen’s writings and talks, and look for ways to apply them in your role as product manager.
Lead on Purpose 