It is all about risk and return

Michael has been working in the area of strategic risk and return for more than 10 years.

The Strategy Paradox is Michael’s second book. It explains how companies can exploit risk to create competitive advantage.

Michael’s first book, The Innovator’s Solution, was coauthored with Clayton M. Christensen. This book is a practical guide to building new growth businesses that deliver returns.

The Strategy Paradox

A compelling vision. Bold leadership. Decisive action. Unfortunately, these prerequisites of success also are almost always the ingredients of failure. In fact, most managers seeking to maximize their chances for glory are often unwittingly setting themselves up for ruin. The reason? Managers feel they must make choices with far-reaching consequences today, but must base those choices on assumptions about a future they cannot predict. It is this collision between commitment and uncertainty that creates the “strategy paradox.”

Michael’s work on The Strategy Paradox is the culmination of his extensive research into strategic flexibility. Learn how managing risk will benefit your industry sector by reading the material in his idea factory.

The Innovator’s Solution

Co-authored with Harvard Business School professor Clayton M. Christensen, The Innovator’s Solution is the long-awaited follow-up to Christensen’s 1997 worldwide bestseller The Innovator’s Dilemma. Here, Michael and Clayton provide a practical yet theoretically rigorous approach to building new growth businesses again and again.

Creating and sustaining successful growth is the crux of innovation. Michael worked on many theories in this area including the disruptive implications of marketing. Read his idea factory to learn more.