In Mastering the Dynamics of Innovation, Utterback presents a compelling book at how innovation transforms industries, raising the fortunes of some firms while destroying others. The book draws on the rich history of innovation by inventors and entrepreneurs-ranging from the birth of typewriters to the emergence of personal computer, gas lamps to fluorescent lighting, George Eastman's amateur photography to electronic imaging-to develop a practical model for how innovation enters an industry, how mainstream firms typically respond, and how-over time-new and old players wrestle for dominance.
The title is a bit misleading - it is less "teaching you how to master" and more "here is a history of innovation". That isn't necessarily a bad thing.
Four stars for managing to make the history of the typewriter, steel, filaments and several other products captivating. While most business books are forgettable, this is one of the rare examples which left a lasting impression.
Would love to see a follow-up that addresses modern innovations as the two main categories discussed are no longer as dominant in the market.