Section » Business Model Innovation
Finding Opportunities in Business Model Innovation
An article in the European Business Review reports that even as incumbents cling to business models that are under pressure, rapid growth is captured by organizations which develop new models . It is a truism in organizations that it is often easier to punish sins of commission than of omission. Proactive actions that lead to disappointment are
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Open Innovation in the Pharmaceutical Industry
The International Federation of Pharmaceutical Manufacturers and Associations website reports on a conference on open innovation in pharmaceuticals. The importance of intellectual property, as a crucial incentive for innovation, was emphasized by all the participating industry sectors, but the key
Dubai Seminar on Business Model Innovation
An article on the website AMEinfo.com reports on an August 16 seminar in Dubai on Business Model Innovation (BMI). BMI refers to the creation or reinvention of a business. Though innovation is more often seen in the form of a new product or service offering, a business model innovation results in
Develop a Strong Business Model Portfolio – Or Risk Kodak’s Fate
In this article on the site Innovation Tools, Kay Plante asks “Do you have a strong portfolio of business models?” One business model that is currently succeeding isn’t enough. Most companies, except very small or simple ones, have or should have multiple business models, one for each
Growing Clean Energy Through Business Model Innovation
This article on the website “Solar Energy” notes that while public policy and the media tend to target technological innovation as the key to addressing environment change and boosting clean energy, business enterprise design innovation provides a path to rapid deployment of current
Creating Collaborative Business Models
A summary by Ian Pettigrew of the Corridor Connections event on Business Model Innovation held at the Manchester Digital Development Agency. The focus of Business Model Innovation at the event was meeting clients’ fundamental needs and creating value for the client and not starting with making
Video: Recognizing the Organizational Challenges to Business Model Innovation
Monitor Group’s Brian Quinn explains that business model innovation often requires disrupting a very sensitive function of the business—how it makes money. The risk of failure can also be a significant barrier to business model innovation, as can the fact that building a new business can
General Mills: Open Innovation Will Move from One-to-one to ‘Many-to-many’
In her article on FoodNavigator-USA.com, Elaine Watson interviews General Mills senior director of connected innovation Jeff Bellairs on the company’s open innovation efforts. According to Bellairs, “I think a lot of companies dabble in open innovation, but you can’t do this with part-time staff.
Video Recap: Stevens Institute of Technology 2011 Business Model Innovation Conference
Stevens alum Agnes Brenson from Engineering.com speaks with the industry leaders from the recent Business Model Innovation Conference on the Stevens campus. Please see the video included below. Image
Open Innovation Modeling Using Game Theory
In their article which appeared in the July 2011 issue of Academy of Information and Management Sciences Journal, authors Arben Asllani and Alireza Lari look at open innovation modeling using game theory. According to Asllani and Lari, “Game theory is useful tool for making decisions in cases where