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Five years ago, Darius Shahida, a member of the HBS Class of 2019, joined us in the podcast studio to discuss how Butterfly Network, a disruptive startup where he was employed as Chief Growth Officer, was working to revolutionize the ultrasound industry. Now, as the company's Chief Strategy Officer and Chief Business Development Officer, he joins his former BSSE professor, Derek van Bever, to reflect on Butterfly Network's entrepreneurial journey over the last half decade. Since Darius was last on the podcast, the company has gone public; has successfully commercialized the world's first semiconductor-based, whole-body, single-probe digital ultrasound device; has introduced its second generation device, Butterfly iQ+, along with new advances on the AI and software side of the business; and Butterfly has significantly expanded its market of users, with a presence in over 100 countries through commercial sales or global health deployments. In this conversation, Darius highlights these developments and also reflects on how the BSSE frameworks have helped to inform the company's emergent strategy over the years. As a hybrid disruptor - both a low end and a new market disruption - Butterfly Network's growth is fascinating to observe. Listen to learn about the company's enabling technology and disruptive business model, the promise of artificial intelligence, the different types of Butterfly customers (and the ramifications of that for strategy, particularly when competing against non-consumption), the company's vision for the future of ultrasound, and more!
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In this episode, Amy Edmondson, sharing insights from her new book, Right Kind of Wrong: The Science of Failing Well, reminds listeners, "The most successful among us have not failed less often than the rest of us. Theyâve failed more often â right kind of wrong failures." Hosted by Scott Anthony, the two engage in a fascinating conversation covering a myriad of topics, including the origin of the idea of psychological safety; the different types of failures, and why they matter; parallels between innovation and riding a bike; and the "Sliding Doors" moments in our lives. Amy also reflects on the distinction between environments where one is there to learn versus perform; the emotional challenges of innovation; right kind of wrong in the context of parenting; and the process that she undertook in writing the book, to cite but a few examples. Weâre all going to get things wrong in our professional and personal lives, but resilience and learning through intelligent failures is an important part of the journey. Listen to learn more!
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The promise of artificial intelligence is immense and companies that view AI as an enabler of corporate transformation can reap potentially enormous benefits in terms of both value creation and growth. In this panel discussion, Freddy Solis hosts his Innosight colleague and co-leader in the companyâs global AI practice, Shari Parvarandeh, along with renowned thought leaders in management and information systems, and co-authors of the forthcoming book, Fusion Strategy, Vijay Govindarajan and Venkat Venkatraman, for a wide-reaching discussion on artificial intelligence and its implications for companies. Their conversation spans the genesis and current state of AI in business; its transformative impact across industries; blockers and enablers of adoption; different types of models and use cases; and when to build, buy, or partner, to cite but a few examples. Companies that stand to benefit from the vast opportunities that AI presents in virtually every industry will be those that act boldly and ahead of the curve. Listen to learn more!
Further information on Fusion Strategy can be found here: https://fusion.tuck.dartmouth.edu
Innosightâs e-book, Leading Into The Age Of AI, can be found here: https://www.innosight.com/wp-content/uploads/2023/10/Innosight_Leading-into-the-Age-of-AI.pdf
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Higher education has long been on an unsustainable trajectory, with rising costs - and subsequent debt passed on to students - hindering the ability of many to get ahead. In this episode of The Disruptive Voice, education author and researcher, Michael Horn, hosts fellow Harvard Business School alumnus Scott Pulsipher, President of Western Governors University (WGU). Among many topics, the two discuss how the accredited, non-profit university is disrupting traditional models of higher education through its online, competency-based model. A long-time friend of Clayton Christensen's, Scott shares how Clayâs frameworks have been instrumental to his thinking and also how Clay's work helped to inform WGU's unique model, even before Scott became President. With a strong focus on serving its students, the majority of whom havenât been well served or served at all by traditional models of learning, along with an alumni base of over 340,000 graduates, Western Governors University is a prime example of Disruptive Innovation as a powerful force for democratizing access and opportunity.
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Last June, Efosa Ojomo and Sandy Sanchez were on the podcast to discuss the process of market creation - discovery, distribution, and democratization - and specifically, as it applied to the creation of a market for solar energy in Nigeria. In this new episode, they return to the recording studio to share with us specific examples of four companies that are getting it right. SunFi, co-founded by HBS alumnus Tomiwa Igun, highlights successful employment of an emergent rather than deliberate strategy; Steamaco illustrates benefits drawn from a clear understanding of customers' Jobs To Be Done; Husk Power Systems exemplifies the strength of pull (as opposed to push) strategies in emerging markets; and Auxano is a company now firmly in the midst of the important distribution phase of the market creation process. There are lessons to be learned from all four of these examples, businesses that to-date have been successful in addressing barriers to market creation in the energy sector in Nigeria. In this conversation, Efosa and Sandy reflect on these learnings. Of further note is that, for listeners wanting to learn more, the duo have also recently published a paper entitled, Accelerating The Adoption of Solar Energy in Nigeria: A Market-Creation Strategy. As Efosa says, âPeople donât want solar. People want progress.â With this in mind, real advancements can be made towards reaching the last stage of the market creation process - democratization, and in this case democratizing access to electricity in Nigeria and beyond.
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Arthur Brooks teaches a popular course at Harvard Business School called âLeadership and Happiness.â One important underpinning of the course is that science can help us to better understand what will actually make us happier â and Arthur has worked hard to incorporate these concepts into his own life. Recently, he teamed up with Oprah Winfrey to write "Build The Life You Want: The Art and Science of Getting Happier." In those pages, they consider a number of thought-provoking questions, including âHow can we mobilize our lives toward greater happiness? How do we translate ideas about happiness into action? And how do we take control of our present and our future?â In this episode, Arthur joins host Karen Dillon â co-author with Clayton Christensen of âHow Will You Measure Your Life?â â to dive into these questions. Throughout this wide-ranging conversation, he considers common misconceptions about happiness, the importance of emotional self-management, and how we can all change our habits to truly become happier. Relatedly, they discuss strategies that can be employed to become more metacognitive, the four pillars of happiness, and the neurochemical cascade of falling in love, to name but a few of the many conversation highlights. Arthur also reflects on the fact that so much of the knowledge that is shared in âBuild The Life You Wantâ is practical and yet relatively unknown. Listen to learn more about both the art and science of becoming happier!
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The Business Model Framework draws an important distinction between a company's Priorities (that is, its Value Proposition and Profit Formula) and its Capabilities. Regarding the latter, which are more effective drivers of corporate innovation â Processes or Resources? The answer to this question, of course, depends on an organization's circumstances and strategic goals. Specifically, in circumstances where companies are pursuing growth via sustaining opportunities, a company's Processes are key. However, in circumstances where companies are pursuing potentially disruptive opportunities, their Resources - and particularly senior leadership - are crucial. In this episode, Robyn Bolton brings these concepts to life through the stories of two companies working to build disruptive growth engines, highlighting the actions of senior executives at each firm, one of which was ultimately successful while the other faltered and failed in these attempts. In conversation with host Katie Zandbergen, Robyn shares insights on several topics related to the role of senior leaders, including the necessity of standing astride the interfaces of mainstream and disruptive growth businesses; the ability to sense when circumstances are changing; the importance of adjusting metrics and incentives to create space for employees to spot disruptive opportunities; and the need (and challenge) to act when business is good rather than during difficult times. As Robyn points out, if you want different results, then you need to do things differently - and this often means tackling the difficult task of setting aside processes that drive sustaining innovation, at least in some parts of the business, and leaning more on a company's resources, including its senior leadership, to play a crucial role in the management of disruptive growth initiatives.
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"In our view, the crux of the problem is that investments in different types of innovation affect economies (and companies) in very different ways â but are evaluated using the same (flawed) metrics. Specifically, financial markets â and companies themselves â use assessment metrics that make innovations that eliminate jobs more attractive than those that create jobs.â This quote comes from the 2014 HBR article that Clayton Christensen and Derek van Bever co-authored, entitled The Capitalistâs Dilemma. As youâll 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 â originally recorded as part of Aidan McCullenâs three month series on The Innovation Show dedicated to Clayâs life and work - Derek joins Aidan to discuss a number of topics related to the article's main theme, that being the assertion that âthe tools we use to guide our investments are blind to the best opportunities for creating new jobs and new markets.â 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 people understand the dilemma, they are then better equipped to respond to the challenges that it presents.
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Clayton Christensen, in a 2012 Tedx Talk, while drawing on insights from How Will You Measure Your Life, said, "The way we invest our time and energy and talents (sometimes) causes us to implement a strategy that we wouldn't at all plan to pursue." Now, his co-author on that book, Karen Dillon, has partnered with Rob Cross to write The Microstress Effect: How Little Things Pile Up And Create Big Problems - And What To Do About It, which she views as a sort of companion book to How Will You Measure Your Life. Specifically, while her work with Clay sets forth important frameworks for thinking about the decisions that we make in our lives, including the longer term consequences of our choices, The Microstress Effect helps readers to understand why and how we make those decisions, while also providing concrete tools for living intentionally. There is certainly a hidden but very real toll resulting from the accumulation of small moments of stress in our lives. However, if we recognize these microstresses - those that drain our capacity to manage work and life; those that deplete our emotional reserves; and those that challenge our identities - we can then take deliberate actions to navigate the obstacle course of those stresses, leading to increased resilience and overall happier lives. In this conversation, hosted by Katie Zandbergen, Rob and Karen not only delve into the concept of microstress but also discuss a number of antidotes, including finding purpose, the power of living a multidimensional life, the importance of authentic and diverse connections, and more that can be done to proactively foster resiliency and improve well-being.
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Nigeria is home to the largest energy deficit in the world. What can be done to address the striking level of energy poverty in the country? Clayton Christensen used to say that good theory helps us to explain the world but that great theory helps us to transform it. With this in mind, co-author with Clay of The Prosperity Paradox, Efosa Ojomo, joins host Sandy Sanchez to consider the application of the frameworks to the energy sector in Nigeria, using them as lenses through which to assess the adoption â or lack thereof â of solar energy in the country. Solutions to many of the current energy sector challenges in Nigeria lie in the process of market creation, which Efosa outlines as discovery, distribution, and democratization. Currently, too many attempt to jump from the discovery phase directly to democratization, wanting to push modular energy solutions out to the population but without first understanding the process by which markets are created or the context in which the solutions may be absorbed. With a better grasp of Nigeriansâ Jobs To Be Done (e.g. "How is this energy going to power your life?"), those in the energy sector can establish value-add solutions and business models that will work for the adoption of solar energy, such that people will want to pull the solutions into their lives, creating new energy markets along the way. The distribution phase is crucial to this process, as it is in this phase where infrastructure is built, where trust is established, where discoveries are made profitable, and where democratization becomes possible. In other words, theory can help us to better understand how to get crucial solar energy infrastructure to as many people as possible, building a stable bridge between discovery and democratization. Listen to learn more about the process and potential of market creating innovations and, in this instance, how it's applied to the acceleration of solar energy adoption in Nigeria.
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Radiology touches around 80% of all hospital and health system visits, impacting nearly every specialty in medicine. However, the incumbent radiology IT system infrastructure places the promise and power of AI out of reach for practitioners. Though radiology has historically been on the cutting edge of technological advancements in medicine, e.g. in terms of digitization, radiology is now stuck in a technological gridlock, a situation in which each modular component of the tech stack works well enough but where the system as a whole is failing to sufficiently support physicians, who are experiencing high levels of burnout, and their patients. Working to enhance both the quantity and quality of work that radiologists can deliver, Sirona Medical is driving the shift away from modular gridlock to an interdependent system, employing AI to amplify the value of radiology to downstream care. In this episode, Cameron Andrews, Founder & CEO of Sirona Medical, joins Spencer Christensen to discuss the cloud-native unified workflow software they're working to build, along with its applications. The two consider the history of radiology; the challenges and opportunities of both the present day and on the healthcare horizon; how Sirona Medical is reimagining the systemâs underlying architecture; and more. Cameron believes that Modularity Theory is going to be the most important business framework in healthcare over the next decade. Listen to learn more about why and how he and his team at Sirona Medical are committed to elevating the field of radiology!
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In this episode, Craig Mackintosh, Head of User Experience Research at LinkedIn, reflects on how the Jobs To Be Done framework has been used at the company to provide strategic focus. He joins David Duncan, co-author with Clayton Christensen on Competing Against Luck and author of The Secret Lives of Customers, to discuss how the team at LinkedIn has drawn on Jobs Theory to unlock innovation through a better understanding of the functional, social, and emotional Jobs had by its members and customers. In using the Jobs To Be Done framework, LinkedIn has been able to take steps towards the implementation of a common language across its many teams, has made more intentional choices around which Jobs theyâre solving for and why, and has found increased success in both articulating LinkedInâs value to its customers and in capturing opportunities for growth and innovation. Listen to learn more about the pilot studies that were undertaken; some of the Jobs that were uncovered in asking, âWhy do people post on LinkedIn?â; how the team got buy-in from employees and incorporated Jobs into the companyâs culture; and the challenges and opportunities that presented themselves along the way.
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Christina Wallace wrote The Portfolio Life: How To Future-Proof Your Career, Avoid Burnout, and Build a Life Bigger Than Your Business Card, in part, to explain the zig zagging path of her own life, a trajectory that has been markedly different than the more linear and predefined paths often followed by those in earlier generations. The accelerating pace of change, along with one societal disruption after the next, has resulted in ever more uncertainty about what the future holds and translates into the need for an emergent strategy for oneâs life. The beauty of the model presented in The Portfolio Life is that it provides readers with a practical guide on how to be more intentional and strategic about the actions we take, particularly during times of transition, and it allows us to rebalance allocations when our needs inevitably change. In this conversation, hosted by Katie Zandbergen, Christina reflects on parallels between The Portfolio Life and How Will You Measure Your Life; the importance of having an identity separate from your job title; our oftentimes flawed metrics of success; why she thinks of herself as a human Venn diagram, and the value that can be found at the intersection of those overlapping circles; the promise of diagonal thinking; and more. Listen to learn about how practitioners of The Portfolio Life model gain optionality, flexibility, and diversification in their lives, resulting in greater stability in the face of the many unknowns and changing circumstances that we all will face in navigating the waters â both personal and professional â of our lives.
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After a shocking accident left Rebecca Fogg with a partially amputated hand, she found herself faced with the sudden and daunting challenge of recovering, both physically and psychologically, from the trauma. Though her background at the time was not in medicine, she hired â in the language of the Jobs To Be Done framework â the pursuit of scientific knowledge to help heal and to make progress in her life. That search for knowledge, intertwined with her personal experiences on the journey to recovery, inspired Becca to write Beautiful Trauma: An Explosion, An Obsession, And A New Lease on Life. Over the last decade, Becca has worked at the intersection of business innovation and healthcare delivery. In this conversation, hosted by Ann Somers Hogg, she shares the story of Beautiful Trauma and also delves into what can be learned from the ordeal, in terms of insights for healthcare innovators. The two discuss health as being the product of many drivers, therefore necessitating the implementation of collaborative initiatives across sectors, along with system engagement at both the level of communities and the individual. Becca provides a number of great examples of successful cross-sector integration initiatives, in both the United States and England, and also considers takeaways from these programs for the broader healthcare ecosystem. Drawing on her lived experience of trauma, this insightful conversation includes Beccaâs reflections on opportunities for innovation in healthcare; the challenges of navigating the healthcare system when we have the least capacity to do so; our sometimes misguided perceptions of resilience; different coping mechanisms; the importance of formal and informal support systems; and so much more!
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Currently, over 75% of American households donât have access to high quality, affordable, and unbiased financial advice. Anders Jones co-founded Facet in order to make these financial planning services available to a large population of people who don't qualify to receive them under existing incumbent business models. In other words, Facet is a prime example of a new market disruption, with the company largely competing against the non-consumption of financial advice. Taking this approach, however, wasnât how the Facet story began when it initially entered the market, which exemplifies the emergent strategy utilized by the company that allowed for Facetâs pivot to its current strategy. In this conversation, hosted by Chris Calder, Anders reflects on how heâs using the frameworks to build and scale his enterprise, including the enabling technology that, paired with Facetâs business model, allows the company to profitably serve customers who are uninteresting to incumbents in the space. The two also discuss where Anders intends to take Facet in the future, redefining financial planning and advice and working to more fully integrate wealth management into their customersâ daily lives. Listen to learn more about how Facet is creating a new market and also changing the discussion around what it means to work with a financial advisor - a great example of Clay's theories in action!
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In his book, Undisruptable: A Mindset of Permanent Reinvention for Individuals, Organizations, and Life, Aidan McCullen writes about how, centuries ago, sailors would set out to sea with maps labelled with the Latin words hic sun dracones - here be dragons - which meant that they didn't know much - if anything - about the uncharted waters and unexplored lands that awaited them. In today's volatile and uncertain world, there are parallels to be drawn between the odysseys of past and present. There are also strategies that can be employed, both by corporations and by individuals, to thrive amidst challenging circumstances, and they center on the intentional development of a mindset of permanent reinvention. Aidan himself exemplifies this mindset, having built capabilities as a professional rugby player, a digital media specialist, an innovation and change consultant, a professor at Trinity College Dublin, and host of The Innovation Show podcast, where he's in the midst of a three month series dedicated to the life, work, and theories of Clayton Christensen. In this Disruptive Voice episode, he joins Katie Zandbergen to discuss the experience of putting the series together, including not only re-reading all of Clay's books but also having in-depth conversations with his co-authors; the necessity of building capabilities before we need them; lessons we can learn from immortal jellyfish; insights gleaned from making the time to read eclectically; finding assets in ashes; and, above all, the importance of facing the dragons in our lives and of always becoming - the concept of permanent reinvention.
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In the introduction of The Innovator's Dilemma, first published in 1997, Clayton Christensen wrote that the book "is about well-managed companies that have their competitive antennae up, listen astutely to their customers, invest aggressively in new technologies, and yet still lose market dominance." Years later, the dilemma is as relevant and as challenging as ever. In this episode of The Disruptive Voice, host and guest take a fascinating and deep dive into the book - and they do so as the first in a series of episodes on The Innovation Show that are dedicated to the life, work, and theories of Clayton Christensen. Specifically, host of The Innovation Show, Aidan McCullen, has kindly supported the re-release of his inspiring conversation with Clay's son, CEO & Managing Partner at Rose Park Advisors, Matt Christensen. Drawing on insights from Disruption Theory, along with a number of other theories developed by Clay and his collaborators over the years, listen to learn more about how, in Aidan's words, executives can simultaneously do what's right for the near-term health of their established businesses while also focusing adequate resources on the innovations that could ultimately lead to their downfalls - The Innovatorâs Dilemma!
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Jobs Theory, when correctly applied, has the potential to be a huge unlock for organizations that have yet to realize the full value from their agile transformations. In order to benefit from the full potential of the Jobs To Be Done framework, a systems lens is required in its application. In this episode, Innosightâs Alasdair Trotter joins host Katie Zandbergen to discuss the challenges and opportunities that arise when trying to build more customer-centric and agile organizations. The conversation covers many of the ways in which Jobs Theory can be used to strengthen different aspects of the enterprise operating model, from strategy development to modern product and portfolio management. The discussion also includes a variety of insights about how Jobs Theory can bring more focus to enterprise strategy, overcome solution bias when developing and managing products, and improve the prioritization of strategy goals, as well as specific features. In short, listen to this insightful conversation to learn more about Jobs Theory as a powerful tool for addressing many of the challenges faced by modern product organizations!
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In an earlier episode of The Disruptive Voice, Pontus SirĂ©n discussed the Jobs methodology and how it relates to customer centricity. Companies exist to address customer problems, i.e. their Jobs To Be Done â and the first critical step for any innovator is to identify a good problem to solve. In this episode, Pontusâ Innosight colleague, Shari Parvarandeh, joins him to not only delve deeper into the importance of having a customer-centric approach but also to highlight that as Jobs arise in the lives of customers, they are compelled to make trade-off decisions. While the Jobs methodology enables companies to more deeply understand the progress that customers are trying to make, trade-off analysis enables them to systematically develop customer Jobs-centric solutions. Of further note is that, for companies, trade-offs are the linchpin of strategy, and they must constantly innovate to develop new and distinctive trade-off equations. Mastering this discipline is indispensable because, in the long run, companies succeed by continuously developing differentiated solutions with compelling trade-offs. Drawing on a number of real world examples to bring these ideas to life, this conversation sheds new light on how, through changing from a mindset of customer centricity to one of customersâ Jobs centricity, companies can innovate in more predictable and systematic ways.
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This is a true story of one man, his four children, four mentors, and five skills. It began when Bob Moestaâs now-grown children moved out of the family home. Bob and his wife decided to clean things out a bit and during that process, in their attic, Bob came across eight hundred and forty-seven notebooks containing information on everything that he had worked on throughout his career! As he started to read through the notebooks it became clear that he had a great deal of information to share, wisdom gained over the years from his experiences working alongside his four mentors. Out of that attic discovery was born Bob's new book, "Learning To Build: The Five Bedrock Skills of Innovators and Entrepreneurs". The book is dedicated to his mentors as follows: "To my mentors: Drs. Clayton Christensen, Genichi Taguchi, W. Edwards Deming, and Willie Hobbs Moore, who shared their knowledge with me so that I could pay it forward." In this episode, Bob joins host Katie Zandbergen to discuss the five fundamental skills of innovators and entrepreneurs, gleaned from his decades working as an innovative builder, teacher, and entrepreneur. He also reflects on his friendship with Clay and the importance of mentors; the power of mindset change; projects that he's currently working on; and why people should "hire" his new book. Above all, Bob is focused on paying it forward and helping others to make progress in their lives. Listen to learn more!
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