Can Microsoft Get Back On Top?

Reihan thinks so:

[I]t's important to remember that Microsoft has not been standing still, and that it has taken in the lessons of Clayton Christensen's The Innovator's Dilemma, which Tim Lee has summarized very lucidly. The success of the Xbox prompted Microsoft to give a great deal of autonomy to the teams that created the Zune media player and Kinect. And innovators like Ray Ozzie, who is about to end his tenure as Chief Software Architect at Microsoft, have helped the firm navigate the rise of cloud computing. A recent essay gives us a glimpse of Ozzie's thinking about the longer-term future.