To create broad-based and sustainable economic growth, governments in the developing world should foster market-creating innovation - that is, the generation of new products and services that reach an entirely new population of customers.
Clayton M. Christensen, the Kim B. Clark Professor of Business Administration at Harvard Business School, Dina Wang, of the Forum for Growth and Innovation at Harvard Business School, and Derek van Bever, a senior lecturer at Harvard Business School, report on how not even the most prestigious management consultancies are immune to the forces of change.
Successful companies lose momentum for four main reasons. All are within management's control, if spotted in time. From the March 2008 issue of Harvard Business Review.