Five years ago, Darius Shahida, a member of the HBS Class of 2019, joined us in the podcast studio to discuss how Butterfly Network, a disruptive startup where he was employed as Chief Growth Officer, was working to revolutionize the ultrasound industry. Now, as the company's Chief Strategy Officer and Chief Business Development Officer, he joins his former BSSE professor, Derek van Bever, to reflect on Butterfly Network's entrepreneurial journey over the last half decade. Since Darius was last on the podcast, the company has gone public; has successfully commercialized the world's first semiconductor-based, whole-body, single-probe digital ultrasound device; has introduced its second generation device, Butterfly iQ+, along with new advances on the AI and software side of the business; and Butterfly has significantly expanded its market of users, with a presence in over 100 countries through commercial sales or global health deployments. In this conversation, Darius highlights these developments and also reflects on how the BSSE frameworks have helped to inform the company's emergent strategy over the years. As a hybrid disruptor - both a low end and a new market disruption - Butterfly Network's growth is fascinating to observe. Listen to learn about the company's enabling technology and disruptive business model, the promise of artificial intelligence, the different types of Butterfly customers (and the ramifications of that for strategy, particularly when competing against non-consumption), the company's vision for the future of ultrasound, and more!

In this episode, Amy Edmondson, sharing insights from her new book, Right Kind of Wrong: The Science of Failing Well, reminds listeners, "The most successful among us have not failed less often than the rest of us. They've failed more often – right kind of wrong failures." Hosted by Scott Anthony, the two engage in a fascinating conversation covering a myriad of topics, including the origin of the idea of psychological safety; the different types of failures, and why they matter; parallels between innovation and riding a bike; and the "Sliding Doors" moments in our lives. Amy also reflects on the distinction between environments where one is there to learn versus perform; the emotional challenges of innovation; right kind of wrong in the context of parenting; and the process that she undertook in writing the book, to cite but a few examples. We're all going to get things wrong in our professional and personal lives, but resilience and learning through intelligent failures is an important part of the journey. Listen to learn more!

The promise of artificial intelligence is immense and companies that view AI as an enabler of corporate transformation can reap potentially enormous benefits in terms of both value creation and growth. In this panel discussion, Freddy Solis hosts his Innosight colleague and co-leader in the company's global AI practice, Shari Parvarandeh, along with renowned thought leaders in management and information systems, and co-authors of the forthcoming book, Fusion Strategy, Vijay Govindarajan and Venkat Venkatraman, for a wide-reaching discussion on artificial intelligence and its implications for companies. Their conversation spans the genesis and current state of AI in business; its transformative impact across industries; blockers and enablers of adoption; different types of models and use cases; and when to build, buy, or partner, to cite but a few examples. Companies that stand to benefit from the vast opportunities that AI presents in virtually every industry will be those that act boldly and ahead of the curve. Listen to learn more!

Further information on Fusion Strategy can be found here: https://fusion.tuck.dartmouth.edu

Innosight's e-book, Leading Into The Age Of AI, can be found here: https://www.innosight.com/wp-content/uploads/2023/10/Innosight_Leading-into-the-Age-of-AI.pdf

Higher education has long been on an unsustainable trajectory, with rising costs - and subsequent debt passed on to students - hindering the ability of many to get ahead. In this episode of The Disruptive Voice, education author and researcher, Michael Horn, hosts fellow Harvard Business School alumnus Scott Pulsipher, President of Western Governors University (WGU). Among many topics, the two discuss how the accredited, non-profit university is disrupting traditional models of higher education through its online, competency-based model. A long-time friend of Clayton Christensen's, Scott shares how Clay's frameworks have been instrumental to his thinking and also how Clay's work helped to inform WGU's unique model, even before Scott became President. With a strong focus on serving its students, the majority of whom haven't been well served or served at all by traditional models of learning, along with an alumni base of over 340,000 graduates, Western Governors University is a prime example of Disruptive Innovation as a powerful force for democratizing access and opportunity.

Last June, Efosa Ojomo and Sandy Sanchez were on the podcast to discuss the process of market creation - discovery, distribution, and democratization - and specifically, as it applied to the creation of a market for solar energy in Nigeria. In this new episode, they return to the recording studio to share with us specific examples of four companies that are getting it right. SunFi, co-founded by HBS alumnus Tomiwa Igun, highlights successful employment of an emergent rather than deliberate strategy; Steamaco illustrates benefits drawn from a clear understanding of customers' Jobs To Be Done; Husk Power Systems exemplifies the strength of pull (as opposed to push) strategies in emerging markets; and Auxano is a company now firmly in the midst of the important distribution phase of the market creation process. There are lessons to be learned from all four of these examples, businesses that to-date have been successful in addressing barriers to market creation in the energy sector in Nigeria. In this conversation, Efosa and Sandy reflect on these learnings. Of further note is that, for listeners wanting to learn more, the duo have also recently published a paper entitled, Accelerating The Adoption of Solar Energy in Nigeria: A Market-Creation Strategy. As Efosa says, "People don't want solar. People want progress." With this in mind, real advancements can be made towards reaching the last stage of the market creation process - democratization, and in this case democratizing access to electricity in Nigeria and beyond.

Arthur Brooks teaches a popular course at Harvard Business School called "Leadership and Happiness." One important underpinning of the course is that science can help us to better understand what will actually make us happier – and Arthur has worked hard to incorporate these concepts into his own life. Recently, he teamed up with Oprah Winfrey to write "Build The Life You Want: The Art and Science of Getting Happier." In those pages, they consider a number of thought-provoking questions, including "How can we mobilize our lives toward greater happiness? How do we translate ideas about happiness into action? And how do we take control of our present and our future?" In this episode, Arthur joins host Karen Dillon – co-author with Clayton Christensen of "How Will You Measure Your Life?" – to dive into these questions. Throughout this wide-ranging conversation, he considers common misconceptions about happiness, the importance of emotional self-management, and how we can all change our habits to truly become happier. Relatedly, they discuss strategies that can be employed to become more metacognitive, the four pillars of happiness, and the neurochemical cascade of falling in love, to name but a few of the many conversation highlights. Arthur also reflects on the fact that so much of the knowledge that is shared in "Build The Life You Want" is practical and yet relatively unknown. Listen to learn more about both the art and science of becoming happier!

The Business Model Framework draws an important distinction between a company's Priorities (that is, its Value Proposition and Profit Formula) and its Capabilities. Regarding the latter, which are more effective drivers of corporate innovation – Processes or Resources? The answer to this question, of course, depends on an organization's circumstances and strategic goals. Specifically, in circumstances where companies are pursuing growth via sustaining opportunities, a company's Processes are key. However, in circumstances where companies are pursuing potentially disruptive opportunities, their Resources - and particularly senior leadership - are crucial. In this episode, Robyn Bolton brings these concepts to life through the stories of two companies working to build disruptive growth engines, highlighting the actions of senior executives at each firm, one of which was ultimately successful while the other faltered and failed in these attempts. In conversation with host Katie Zandbergen, Robyn shares insights on several topics related to the role of senior leaders, including the necessity of standing astride the interfaces of mainstream and disruptive growth businesses; the ability to sense when circumstances are changing; the importance of adjusting metrics and incentives to create space for employees to spot disruptive opportunities; and the need (and challenge) to act when business is good rather than during difficult times. As Robyn points out, if you want different results, then you need to do things differently - and this often means tackling the difficult task of setting aside processes that drive sustaining innovation, at least in some parts of the business, and leaning more on a company's resources, including its senior leadership, to play a crucial role in the management of disruptive growth initiatives.

"In our view, the crux of the problem is that investments in different types of innovation affect economies (and companies) in very different ways – but are evaluated using the same (flawed) metrics. Specifically, financial markets – and companies themselves – use assessment metrics that make innovations that eliminate jobs more attractive than those that create jobs." This quote comes from the 2014 HBR article that Clayton Christensen and Derek van Bever co-authored, entitled The Capitalist's Dilemma. As you'll hear in this conversation, the article is as relevant today as it was when it was first published nearly a decade ago. In this episode – originally recorded as part of Aidan McCullen's three month series on The Innovation Show dedicated to Clay's life and work - Derek joins Aidan to discuss a number of topics related to the article's main theme, that being the assertion that "the tools we use to guide our investments are blind to the best opportunities for creating new jobs and new markets." For instance, Derek considers how our behavior, in interacting with metrics, can often lead to unfortunate consequences; the pull of established markets; the different types of innovation (performance-improving, efficiency, and market-creating) and their respective impacts on growth; the scarcity of long-term investors; and the challenges faced by corporate innovators, to cite but a few examples. Also discussed are potential solutions to the capitalist's dilemma, along with the observation that if people understand the dilemma, they are then better equipped to respond to the challenges that it presents.

Clayton Christensen, in a 2012 Tedx Talk, while drawing on insights from How Will You Measure Your Life, said, "The way we invest our time and energy and talents (sometimes) causes us to implement a strategy that we wouldn't at all plan to pursue." Now, his co-author on that book, Karen Dillon, has partnered with Rob Cross to write The Microstress Effect: How Little Things Pile Up And Create Big Problems - And What To Do About It, which she views as a sort of companion book to How Will You Measure Your Life. Specifically, while her work with Clay sets forth important frameworks for thinking about the decisions that we make in our lives, including the longer term consequences of our choices, The Microstress Effect helps readers to understand why and how we make those decisions, while also providing concrete tools for living intentionally. There is certainly a hidden but very real toll resulting from the accumulation of small moments of stress in our lives. However, if we recognize these microstresses - those that drain our capacity to manage work and life; those that deplete our emotional reserves; and those that challenge our identities - we can then take deliberate actions to navigate the obstacle course of those stresses, leading to increased resilience and overall happier lives. In this conversation, hosted by Katie Zandbergen, Rob and Karen not only delve into the concept of microstress but also discuss a number of antidotes, including finding purpose, the power of living a multidimensional life, the importance of authentic and diverse connections, and more that can be done to proactively foster resiliency and improve well-being.

Nigeria is home to the largest energy deficit in the world. What can be done to address the striking level of energy poverty in the country? Clayton Christensen used to say that good theory helps us to explain the world but that great theory helps us to transform it. With this in mind, co-author with Clay of The Prosperity Paradox, Efosa Ojomo, joins host Sandy Sanchez to consider the application of the frameworks to the energy sector in Nigeria, using them as lenses through which to assess the adoption – or lack thereof – of solar energy in the country. Solutions to many of the current energy sector challenges in Nigeria lie in the process of market creation, which Efosa outlines as discovery, distribution, and democratization. Currently, too many attempt to jump from the discovery phase directly to democratization, wanting to push modular energy solutions out to the population but without first understanding the process by which markets are created or the context in which the solutions may be absorbed. With a better grasp of Nigerians' Jobs To Be Done (e.g. "How is this energy going to power your life?"), those in the energy sector can establish value-add solutions and business models that will work for the adoption of solar energy, such that people will want to pull the solutions into their lives, creating new energy markets along the way. The distribution phase is crucial to this process, as it is in this phase where infrastructure is built, where trust is established, where discoveries are made profitable, and where democratization becomes possible. In other words, theory can help us to better understand how to get crucial solar energy infrastructure to as many people as possible, building a stable bridge between discovery and democratization. Listen to learn more about the process and potential of market creating innovations and, in this instance, how it's applied to the acceleration of solar energy adoption in Nigeria.