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Business Model Innovation: Path to Greatness
Forbes magazine posted an interview with Scott Anthony, managing director at innovation consulting firm Innosight, who discusses how large corporations are becoming more and more entrepreneurial andthe variety of forces driving this shift. More and more companies recognize that they can’t hold a monopoly on good thinking, so they need to tap into
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Big Companies Can Unleash Innovation
The Bloomberg website published an article which noted that large companies are now better positioned to innovate than ever before. The innovation revolution spurred by venture capitalists decades ago has created the conditions in which scale allows big companies to shift from shackling innovation
Change the Model, Not the Business
The iedp website notes that the focus of innovation in most companies is on new products or new market segments. Yet, there is evidence to suggest that the big money lies in a different kind of innovation – business model innovation. A recent Economist Intelligence Unit global survey of 4000 managers
A Spiral Approach to Business Model Innovation
A report on the Ernst & Young website notes that the companies that generate business innovations thrive on collaboration, a free exchange of ideas and regular interactions with customers and other stakeholders. Perhaps most important is that innovative companies do not outsource this function
Does Your Business Model Need a Makeover?
The Open Forum website posted an article which notes that when it comes to launching a company, it’s important to realize when the business model isn’t working for you. It’s equally as important to understand when it’s time to move on or whether you should change the way you’ve been conducting
Open Innovation: Creating Through Community
An article on the crowdsourcing website draws lessons from Henry Chesbrough’s 2006 book “Open Business Models,” in which he describes a rising field of companies which specialize in innovation. He calls these companies “innovation intermediaries.” There are many kinds
OpenInnovation: Past and Present
In this interview on the website Innovation Management, Henry Chesbrough discusses a few key aspects of the relatively new and challenging open innovation model: its evolution, its applicability and most importantly, its essential role in facilitating knowledge creation for the future. He describes
Making Business Model Innovation
The innovationmanagement website notes that one of many good reasons to focus on your business model is that companies focusing on Business Model Innovation outperform their industry peers in terms of operating margin and total shareholder return. The article provides a framework to describe
From Commodities to Services
An article on the Forbes website analyzes Allevo, a Romanian company which has decided to “open source” its core business. It is shifting its business model and competition from a pure commodity space to a more diversified services space. And they also walk the innovation talk, because innovation
Open innovation – are we ready for the change?
A blog on the NHH Center for Service Innovation site notes that one of the hottest topics in innovation management is open innovation, but adds that to successfully capture value from its open innovation activities, a company must have the right business model in place that fits the open innovation