How to Revive Health-Care Innovation
Simple solutions to complex problems lead to breakthroughs in industries from retailing to personal computers to printing. So let's try health care, too. According to HBS professor Clayton M. Christensen and coauthors of The Innovator's Prescription, such disruption to an industry might look like a threat, but it "always proves to be an extraordinary growth opportunity." Book excerpt. Key concepts include:
Most disruptions have three enablers: a simplifying technology, a business model innovation, and a disruptive value network.
Business model innovations are almost always forged by new entrants to an industry.
Disruption of an industry rarely happens piecemeal. It is more common that entirely new value networks arise, displacing the old.
Always, the technological enablers of disruption are successfully deployed against an industry's simplest problems first. Health care is no different.
How to Revive Health-Care Innovation
Simple solutions to complex problems lead to breakthroughs in industries from retailing to personal computers to printing. So let's try health care, too. According to HBS professor Clayton M. Christensen and coauthors of The Innovator's Prescription, such disruption to an industry might look like a threat, but it "always proves to be an extraordinary growth opportunity." Book excerpt. Key concepts include:
Most disruptions have three enablers: a simplifying technology, a business model innovation, and a disruptive value network.
Business model innovations are almost always forged by new entrants to an industry.
Disruption of an industry rarely happens piecemeal. It is more common that entirely new value networks arise, displacing the old.
Always, the technological enablers of disruption are successfully deployed against an industry's simplest problems first. Health care is no different.
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