Section » Business Model Innovation
Business Model Innovation: A Game Changing Strategy
The Viabmu website reports that according to Markides, successful invaders change the rules of the game by coming up with a whole new strategy and innovative business model. Business model innovation is the discovery of novel business models in an existing industry. Such an innovation either gets previously non-consumers into the market space
Comments Off on Business Model Innovation: A Game Changing Strategy • Read this story »
More Articles
Your Business Model is Obsolete
An article on the CNNMoney website noted that when Carlos Ghosn announced last year that Nissan, which he runs, will start making ultracheap cars for emerging markets under the revived Datsun brand — and will make a profit on them — the mainstream response was contemptuous. Make a profit
Comments Off on Your Business Model is Obsolete • Read this story »
Sustainability-Driven Innovators
The MIT Sloan Management Review reports that business model innovation is the bottom line of Sustainability-Driven Innovator success. In stark contrast to managers who say sustainability is not adding to profits, those who say that it is are more than twice as likely to report that sustainability
Comments Off on Sustainability-Driven Innovators • Read this story »
Why Companies Fail at Business Model Innovation
The Guardian website notes that companies fail at business model innovation because they’re so busy pedalling the bicycle of current business models they leave no time or resource to design new ones. Most companies focus innovation efforts on new products and on driving efficiencies into current
Comments Off on Why Companies Fail at Business Model Innovation • Read this story »
Managing Intellectual Property
The Innovationmanagement website notes that as businesses increasingly shift to open innovation business models, they need to adjust their intellectual property rights management strategy. In particular, they need to determine how to interface the traditional “closed innovation” paradigm
Comments Off on Managing Intellectual Property • Read this story »
Business Model Innovation in Practice
A blog on the Bullethq website notes that the concept of a business model has been around for a long time, however it has only really gained popularity with start-ups in the last few decades. So much so that one of the first questions a potential investor will ask these days is what is your business
Comments Off on Business Model Innovation in Practice • Read this story »
Open Innovation in Nutraceuticals & Functional Foods
The Nutraceuticals World website posted an article which noted that increasingly diverse industry thought leaders, corporate executives and academics are touting the benefits of open business models to increase speed to market, enhance execution, fill the new product pipeline and diversify and drive
Comments Off on Open Innovation in Nutraceuticals & Functional Foods • Read this story »
Why Many Innovation Initiatives Fail
The Innovationexcellence website posted an article which asks the question, wouldn’t it be great if you could do customer service like Zappos? Or design like Apple? Or innovation like 3M? Who wouldn’t want to be like those firms? Well, it’s not so simple. The entire Zappos business model is built
Comments Off on Why Many Innovation Initiatives Fail • Read this story »
The Innovation Spiral
The Openinnovation.eu website notes that there was a time, not so long ago, when ‘‘innovation’’ meant that companies needed to invest in extensive internal research laboratories, hire the most brilliant people they could find, and then wait patiently for novel products to emerge. Not anymore.
Comments Off on The Innovation Spiral • Read this story »
Business Model Innovation in Higher Education
The educause website posted an article which noted that business model innovation is one of the most challenging components of 21st-century leadership. Making incremental improvements to a business model—creating new efficiencies, expanding into adjacent markets—is hard enough. Developing and
Comments Off on Business Model Innovation in Higher Education • Read this story »