;#Faculty News;# | TIME | 23 Jan 2013
Are Today's Business Leaders Too Afraid of Risk?
Re: Clayton Christensen, Orit Gadiesh (MBA ’77) & Anand Mahindra (MBA ’81)
Clayton Christensen, the Harvard economist famed for his research on disruptive innovation, said there are three types of innovation: 1) empowering innovations, which transform products that were historically complicated and accessible only to the rich; 2) sustaining innovations that make products better but don't create new jobs (take for instance, Toyota's invention of the Prius); and 3) efficiency innovations that reduce jobs in the economy.

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