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" This is why I belong, and why I believe. I commend to all this same search for happiness and for the truth. "
Clayton M. Christensen
Truth
Search
Happiness
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" Diabetes is a great example whereby, giving the patient the tools, you can manage yourself very well. "
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Yourself
You
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" The iPod is a proprietary integrated product, although that is becoming quite modular. You can download your music from Amazon as easily as you can from iTunes. You also see modularity organized around the Android operating system that is growing much faster than the iPhone. So I worry that modularity will do its work on Apple. "
Clayton M. Christensen
Growing
Worry
Apple
" 'Disruption' is, at its core, a really powerful idea. Everyone hijacks the idea to do whatever they want now. It's the same way people hijacked the word 'paradigm' to justify lame things they're trying to sell to mankind. "
Clayton M. Christensen
Want
People
Powerful
" Growth makes so many dimensions of management easier. It's when growth stops that things get tough. "
Clayton M. Christensen
Tough
Things
Management
" When an entrant competitor attacks the low end of any market, the rational reaction of the incumbent firms is to abandon rather than defend it - because the low end is the least profitable of their possible investments. "
Clayton M. Christensen
End
Possible
Reaction
" There are companies trying to build business within Saudi Arabia, and what they find is that if they try to bring on locals and teach them how to become senior executives, they just don't show up to work. They are not predictable as to when they'll come in and how much of their hearts are into that opportunity. "
Clayton M. Christensen
Try
Opportunity
Business
" As a general rule, when a new industry takes root, and the first products emerge in a wave, almost always the architecture of the product will be proprietary and interdependent in character. "
Clayton M. Christensen
Wave
Character
Architecture
" You may hate gravity, but gravity doesn't care. "
Clayton M. Christensen
Care
You
May
" Smart companies fail because they do everything right. They cater to high-profit-margin customers and ignore the low end of the market, where disruptive innovations emerge from. "
Clayton M. Christensen
End
Ignore
Smart
" The process of writing 'The Innovator's Dilemma' entailed the developing a new theory. My colleagues, students and I have been improving that theory, and adding others to it, since that time. "
Clayton M. Christensen
New
Writing
Colleagues
" People in private equity complain that they have so much capital and so few places to invest. But you have lots of entrepreneurs trying to raise money at the low end and find that they can't get funding because of this mismatch. I think that there is an opportunity there. "
Clayton M. Christensen
Money
End
Opportunity
" One of the banes of successful innovation is that companies may be so committed to innovation that they will give the innovators a lot of money to spend. "
Clayton M. Christensen
Successful
May
Money
" Efficiency innovations are a natural part of the economic cycle, but these are the innovations that streamline process and actually reduce the number of available jobs. "
Clayton M. Christensen
Natural
Economic
Efficiency
" I haven't met too many people that don't intend to have a fulfilling life. High-achievers, however, end up allocating their resources in a way that seriously undermines their intended strategy. "
Clayton M. Christensen
Life
End
People
" Innovation almost always is not successful the first time out. You try something, and it doesn't work, and it takes confidence to say we haven't failed yet... Ultimately, you become commercially successful. "
Clayton M. Christensen
Confidence
Innovation
Work
" The path I am trying so hard to follow is in fact the one that God my Father and His Son Jesus Christ want me to pursue. It has brought me deep happiness. "
Clayton M. Christensen
Father
Son
Path
" I think this is one reason why the Lord invented the Internet - so members can teach one another how to succeed in assignments the Lord has given us, and to give us opportunities to inspire and bear testimony in a horizontal way. "
Clayton M. Christensen
Opportunities
Inspire
Think
" While I wouldn't say that most entrepreneurs find it easy to get funding, there are certainly more people out there funding technology and healthcare companies than in other areas. "
Clayton M. Christensen
Technology
Easy
Healthcare
" I helped start a ceramics company called CPS Technologies. We took it public in 1987 at $12 a share. Three months later, there was this horrible cliff: Black Monday. Fidelity had bought 15 percent of our stock, and their algorithm caused them to dump it all onto the market that day. We dropped from $12 to $2. "
Clayton M. Christensen
Cliff
Black
Day
" Disruption is continuously afoot in every industry, but especially in autos. It is how Toyota, Nissan and Honda bloodied Detroit: They did not start their attack with Lexus, Infiniti and Acura, but with low-end subcompact models branded Corona, Datsun and CVCC. "
Clayton M. Christensen
Disruption
How
Start
" Efficiency innovations arise in industries that already exist. They provide existing goods and services at much lower costs. They are not empowering. Efficiency innovators become the low cost providers within an existing framework. "
Clayton M. Christensen
Cost
Become
Within
" The Republicans are wrong in thinking that the rich create jobs. In reality, many of the richest Americans have been investing in efficiency innovations rather than to create jobs. And the Democrats are wrong, because growth won't happen if they distribute the wealth of the wealthy to everyone else. "
Clayton M. Christensen
Reality
Wealth
Thinking
" In the scriptures, we are told you can't really understand happiness unless you understand sadness. You don't know pleasure if you don't know pain. It's part of life. So can you learn something from somebody who has gone from success to success to success? I don't think so. "
Clayton M. Christensen
Happiness
Life
Pain
" The whole enterprise of teaching managers is steeped in the ethic of data-driven analytical support. The problem is, the data is only available about the past. So the way we've taught managers to make decisions and consultants to analyze problems condemns them to taking action when it's too late. "
Clayton M. Christensen
Past
Problems
Data
" The ability to share the gospel isn't a 'gift' that has been given to only a few Latter-day Saints and denied to the rest. "
Clayton M. Christensen
Ability
Share
Rest
" Most people have never thought through how they're going to allocate their time. You need to make a decision in advance. "
Clayton M. Christensen
People
You
Time
" Venture capital is always wanting to go up market. "
Clayton M. Christensen
Always
Wanting
Venture Capital
" The financial doctrines so zealously followed by American companies might help optimize capital when it is scarce. But capital is abundant. If we are to see our economy really grow, we need to encourage migratory capital to become productive capital - capital invested for the long-term in empowering innovations. "
Clayton M. Christensen
Need
American
Financial
" Management teams aren't good at asking questions. In business school, we train them to be good at giving answers. "
Clayton M. Christensen
Business
Good
Management
" Companies, in fact, are specifically organized to under-invest in disruptive innovations! This is one reason why we often suggest that companies set up separate teams or groups to commercialize disruptive innovations. When disruptive innovations have to fight with other innovations for resources, they tend to lose out. "
Clayton M. Christensen
Resources
Lose
Reason