Disruptive Innovation: Intellectual History and Future Paths Clayton M. Christensen Rory McDonald Elizabeth J. Altman Jonathan Palmer Working Paper 17-057 Disruptive Innovation: Intellectual History and Future Paths Clayton M. Christensen Rory McDonald Harvard Business School Harvard Business School Elizabeth J. Altman Jonathan Palmer University of Massachusetts Lowell Harvard Business School Working Paper 17-057 Copyright © 2016 by Clayton M. Christensen, Rory McDonald, Elizabeth J. Altman, and Jonathan Palmer Working papers are in draft form. This working paper is distributed for purposes of comment and discussion only. It may not be reproduced without permission of the copyright holder. Copies of working papers are available from the author. Disruptive Innovation: Intellectual History and Future Paths Clayton M. Christensen Harvard Business School Morgan Hall 143, Soldiers Field Road Boston, MA 02163
[email protected] Tel: +1-617-495-6723 Rory McDonald Harvard Business School Morgan Hall 491, Soldiers Field Road Boston, MA 02163
[email protected] Tel: +1-617-496-6938 Elizabeth J. Altman University of Massachusetts Lowell One University Ave., Kitson Hall 201A Lowell, MA 01854
[email protected] Tel: +1-617-548-2512 Jonathan Palmer Harvard Business School Morgan Hall 130A, Soldiers Field Road Boston, MA 02163
[email protected] Tel: +1-617-384-6765 ACKNOWLEDGEMENTS We would like to thank the following individuals: Ryan Allen, Ahmad Awan, Cheng Gao, Henry Eyring, Andrei Hagiu, and Juan Pablo Sampere as well as seminar participants at Harvard Business School and Stanford University. Support from the Harvard Business School, Kauffman Foundation, and the University of Massachusetts Lowell is gratefully acknowledged. 1 Disruptive Innovation: Intellectual History and Future Paths ABSTRACT The concept of disruptive innovation has gained currency among managers even while core concepts remain misunderstood.