Section » Business Model Innovation
Hierarchical Management Bottlenecks Innovation
An article in Forbes argues that the old industrial management model is a thing of the past. Gone are the assembly line days of productive repetition. Value in the modern economy is created by doing something different each time, rather than repeating the successes of the past. The creative act itself is the spark that must be perpetually lit and
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Open Innovation Defined
Remo Knops’ blog notes that Henry Chesbrough shook up the business world with his book Open Innovation: The New Imperative for Creating and Profiting from Technology back in 2003. In 2006 professor Chesbrough released another book Open Business Models: How to Thrive in the New Innovation Landscape
How Top CEOs Succeed at Business Model Innovation
Forbes Magazine held a live roundtable with leaders from four companies (Comcast, RR Donnelley, Meritor and IBM) who have proven significant success in business model innovation. Innovation may well be the defining characteristic of successful companies. In today’s ever evolving digital, connected
Rethinking Higher Education Business Models
The Center for American Progress website published a study on the great challenge facing higher education today: to contain costs while at the same time improving outcomes—in short, to increase productivity. Information technology has long been seen as a major key to meeting this challenge, but
Business Models Built Through Open Innovation
The exnovate.org website reports on a study by Dr. Wim Vanhaverbek that shows that open innovation can create new opportunities for all types of SME – from start-ups in high-tech markets to players in traditional markets – because they can change business models without having the required technologies
Innovation Expert Launches European Innovation Forum
The ESADE website reports that professor Henry Chesbrough, the leading scholar of ‘open innovation’ management, is launching a European Innovation Forum to discover, discuss and share the most effective ways to organize business innovation.
At the Court of King Henry
The Deloittereview.com website has published an interview with Henry Chesbrough, originator of the open innovation concept, on all things open innovation and the challenges of sustaining the open business model. Chesbrough discuses the genesis of the OI concept, the importance of business models, the
Eight Models of Business Models
The Innovation Leadership Network website notes that at their core, all business models address this question: how do we sustainably deliver value to our customers? Business models can serve three different purposes. They can describe different kinds and types of businesses. They can be short-hand
Open Innovation, Platforms and Business Models
The Innovation Excellence website reports on one of the most ambitious open innovation projects around – the Innovative Medicines Initiative – which has been set up in Europe. Anyone seriously interested in the combination of open innovation, the use of a collaborative technology platform
Breakthrough with Business Model Innovation
A blog by Michell Osak notes that many companies find themselves in situations where following the ‘same old strategy’ has little chance of reigniting growth. Realistic CEOs quickly come to the realization that when the going gets really tough, the tough innovate their business model.