What is an innovator’s dilemma? What is the gut check?

The Innovator’s Dilemma is a business theory that states that successful companies can be undone by new technologies or market changes due to their inability to embrace new approaches.

It is the struggle for organizations to balance the need for short-term stability with the need for long-term success and innovation.

The Gut Check is a self-reflective moment in which an individual or organization assesses its current status and makes a judgement on the potential of their future.

It is the process of challenging assumptions, questioning the status quo, and evaluating risk.

An example of The Innovator’s Dilemma is when Kodak failed to embrace the digital camera revolution and lost out to companies like Canon and Nikon.

An example of the Gut Check is when Apple introduced the iPod and challenged the existing music player market.

Another example of the Gut Check is when Netflix disrupted the traditional movie rental industry by introducing streaming services.

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