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Planet Money
Planet Money

Summer School 5: Tech and the innovator's dilemma

Aug 9, 2023 · 34m
AI Summary
  • The innovator's dilemma describes how successful companies face pressure to abandon existing advantages for disruptive new technology
  • Technology creates opportunities for smaller competitors where established companies lack agility or risk cannibalizing existing profits
  • Entrepreneurs must balance consumer psychology, ethics, and calculated risk-taking when navigating technological change

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