Innovation Killers: How Financial Tools Destroy Your Capacity to Do New Things Paperback – 22 July 2010

Great Reading this book !!

Innovation Killers, is actually an article length work (approximately 4000 words) that is printed in the form of a small book. Christenson is known as a major force in innovation research so this book deserves serious consideration.The book deals with the question of why well-run companies struggle at innovation and points to the misuse of three core financial tools that inhibit innovation. These are:- The use of discounted cash flow and net present value metrics to evaluate investment opportunities- The assessment of fixed and sunk costs in evaluating future investments- The over-emphasis of short-terms earnings per share to the determent of long term investmentThe discussion of these topics is general in nature and necessarily superficial for such a short work. As such, it has no detailed explanations of these or a list of references. However, a few additional topics are included to support the discussion. These are agent-principal relationships, stage-gate innovation, and discovery-driven planning.Favorite quote: "Arguably, a root cause of companies' persistent under-investment in the innovations required to sustain long-term success is the indiscriminate and oversimplified use of NPV as an analytical tool" (P. 11).While this book presents a compelling argument for thinking more deeply about the effects financial reporting on innovation and it provides a nice example of disruptive innovation in the steel industry, it is several pages too short to really cover the material. I would recommend it for use in an innovation strategy meeting but it is too brief to stand on its own as a book (or even an article) on innovation. Consider Christensen's other excellent books on innovation for a better experience.[...]

article intéressant...juste dommage de le payer si cher (quelques pages) alors qu'on peut le trouver gratuitement sur internet.

Clayton Christensen is the best author when it comes to innovation.The book is interesting. I think the issue is of great importance and a more detailed and elaborated mathematical aproach book is required.