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" Venture capital is always wanting to go up market. "
Clayton M. Christensen
Always
Wanting
Venture Capital
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" 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
" Because we employ no professional preachers, it means that every sermon or lesson in church is given by a regular member - women and men, children and grandparents. "
Clayton M. Christensen
Men
Women
Professional
" Relative to the taxi industry, Uber is a sustaining innovation; that is, it makes customers' lives better. Uber targeted mainstream markets with a better service for existing customers, and it succeeded in serving them better than the incumbents. "
Clayton M. Christensen
Innovation
Better
Serving
" Many think of management as cutting deals and laying people off and hiring people and buying and selling companies. That's not management, that's deal making. Management is the opportunity to help people become better people. Practiced that way, it's a magnificent profession. "
Clayton M. Christensen
Management
People
Opportunity
" Each of our children during their high school years went to 'early morning seminary' - scripture study classes that met in the home of a church member every school day morning from 6:30 until 7:15. "
Clayton M. Christensen
Children
Day
Home
" 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
" I have healed the sick by the power of the God. I have spoken with the gift of tongues. "
Clayton M. Christensen
God
Spoken
Gift
" 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
" I have been blessed to see visions of eternity; and events in my future that have been important for me to foresee, have been revealed to me. "
Clayton M. Christensen
Me
Future
Important
" By doing what they must do to keep their margins strong and their stock price healthy, every company paves the way for its own disruption. "
Clayton M. Christensen
Strong
Healthy
Own
" Every city and town in America would be bankrupt if they kept their books the way private-sector companies keep their books - because of the obligation cities and towns have taken upon themselves to provide health care for their retirees. "
Clayton M. Christensen
Way
City
Care
" We are awash in content that needs to be taught, yet the vast majority of colleges give a large portion of their faculties' salaries to fund research. "
Clayton M. Christensen
Research
Needs
Majority
" Management is the opportunity to help people become better people. Practiced that way, it's a magnificent profession. "
Clayton M. Christensen
People
Help
Management
" There is no evidence that success in business will make us happy people or allow us to have happy families. "
Clayton M. Christensen
Will
People
Happy
" People have an idol they want to be like and try to follow what the idols did. But when you do, you find out you're not very successful and you're not very happy. You try to copy these models, and it doesn't yield successful results. "
Clayton M. Christensen
Successful
Results
People
" 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
" There is no single right answer or path forward, but there is one right way to frame the problem. "
Clayton M. Christensen
Forward
Way
Right
" 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
" Things happen to us in unpredictable ways, but the effect that that has on the kind of people who we become actually is not only open to chance - we can influence it in pretty profound ways. "
Clayton M. Christensen
Things Happen
Chance
Influence
" When considering a career move, consider the most important assumptions that have to prove true and how you can swiftly and inexpensively test if they are valid. Also, remain realistic about the path ahead of you. "
Clayton M. Christensen
Career
Test
You
" From my first year on the faculty, there was always so much more I wanted to impart to the students. I decided that, rather than waste the last day of class summarizing the semester, I'd spend my time talking about what I'd learned in life that was useful. "
Clayton M. Christensen
Life
Day
Always
" You may hate gravity, but gravity doesn't care. "
Clayton M. Christensen
Care
You
May
" An innovation will get traction only if it helps people get something that they're already doing in their lives done better. "
Clayton M. Christensen
Doing
Better
Done
" If you develop a product that gets what the customer is trying to get done, you don't have to advertise; people will just pull it into their lives. "
Clayton M. Christensen
You
Customer
Done
" Universities think people come up with great ideas by closing the door. The academic tenure process, where you have to publish to journals which are very narrow, stands in the way of great research. "
Clayton M. Christensen
Door
Think
Research
" The mistake that makes launching a venture expensive is when you try to make a disruptive technology so good that it can compete on a quality basis with an established product. "
Clayton M. Christensen
Technology
Quality
Mistake
" The world is a nested space, and so we have our brain as a person, and people are members of teams, and teams are part of business units, and business units are parts of corporations, and corporations are part of industries, which are part of economies. "
Clayton M. Christensen
Business
Space
World
" If you're successful and growing, you can manage any way you want to. Growth makes so many dimensions of management easier. It's when growth stops that things get tough. "
Clayton M. Christensen
Growing
Growth
Management
" To focus capital and entrepreneurship into empowering innovation, we should change is the capital gains tax rate. We would be better served by a regressive tax rate, that would become progressively smaller the longer the investment is held. "
Clayton M. Christensen
Better
Innovation
Tax
" 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