Section » Business Model Innovation
Risk-managing the Business Model
The Emerald Insight website posted a paper which aims to address risks inherent in business model innovation. The authors make the case that entrepreneurs and managers, in relying on sources of innovation when designing business models, need to pay heed to these hidden risks – or tripwires – that can prevent the venture from efficiently, effectively
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A Strategic Design Guideline for Open Business Models
The International Journal of Automation Technology posted a study which noted that to realize a competitive product-service system, a manufacturer is required to change its closed business model and develop open and sustainable alliances with external partners. As an alternative business model, an open
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The Effect of Open Innovation Strategies on Business Models in the Automotive Sector
The Inder Science Online website posted an article which explores how the adoption of an open innovation strategy changes the business model, specifically, in the case of small and medium enterprises (SMEs). Previous studies have mainly addressed this topic theoretically, and the original contribution
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Business Model Innovation in Strategic Alliances
The Wiley Online Library posted a study of business model innovation which noted that Henry Chesbrough was the first who distinguished between open and closed business models. The term ‘open business’ was originally used in the context of collaborative innovation research but was used more broadly
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The State of Open Innovation
The Wall Street Journal website posted a review Henry Chesbrough’s new book, “Open Innovation Results: Going Beyond the Hype and Getting Down to Business.” On the current state of open innovation, Mr. Chesbrough sees a mixed picture. Open innovation has increased exponentially, but
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How to make IoT in business work for you
The Ericsson website noted that finding a business model that secures your enterprise’s future and enables a competitive advantage requires thinking out of the box. Within the Internet of Things (IoT), the mass deployment of sensors and high-resolution data enables new business models for industries
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Are New Drug Development Platforms Leading Pharma Innovation?
The European Pharmaceutical Manufacturer site noted that increasingly, the business model for drug discovery and development is predicated on recouping costs barely manageable for first-world, affluent nations. In an effort to combat this trend, various stakeholders in the drug discovery ecosystem have
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Banking on Fintech Collaboration and Partnership
The IT-Online site noted that if banks are to modernize their business models to better serve their customers and meet their high expectations for convenience and value – their operating models must change. It is not only banks’ operating models that are not adequately suited to modern demands. The
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Brokering Success: CCRS
The Insurance Age website posted an article on CCRS, a leading independent insurance broker. CCRS managing director Neil Campbell said that the company started in September 2008 and the business has evolved a lot over 10 years. They did a knowledge transfer partnership with Glasgow University’s Adam
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Lighting as a Service Market
The OpenPR website reported that the rise of the circular economy is driving business model innovation across all industries, with a key spin-off being the emergence of ‘something-as-a-service’ business model. The lighting-as-a-service (LaaS) is fast emerging as an innovative service delivery model
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