When A Guru Manages Money

Author Clayton Christensen puts his theories to the test

Harvard Business School Professor Clayton Christensen is one of the rising stars of the New Economy. Futurist George Gilder, who organized a conference last summer around Christensen's ideas, has called him "the most important business thinker in the world today." Christensen's best-selling 1997 book, The Innovator's Dilemma, broke new ground in explaining why big, successful companies can be toppled by upstarts with innovative products. Christensen calls these cutting-edge outfits that rise from obscurity "disruptive technology" companies. Think online bookseller Amazon.com or Cisco Systems, whose routers and switches became the plumbing of the Internet.

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