Section » Business Model Innovation
Strategy + Business Thought Leader Interview with Henry Chesbrough
In a conversation with “strategy + business,” Professor Henry Chesbrough argues that for companies “to escape the commodity trap — and to compete effectively in a knowledge-based economy — business leaders of all kinds need to reinvent themselves as innovators in services.”
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Open Innovation and the Design of Innovation Work
I recently had the chance to review a pre-press copy of a new book, The Open Innovation Marketplace, by Alpheus Bingham and Dwayne Spradlin (Free Press, 2011). The authors are Chairman and CEO, respectively, of the company Innocentive. Innocentive is a pioneer in the “open innovation marketplace”
Innovating Customer Service
In his article “Innovating the Customer Experience,” Peter J. Auditore argues that “Building a culture of collaboration isn’t the instant answer to creating innovation or innovating your customer’s experience. However, leveraging the newest collaborative applications can help find your innovators
Pharmaceutical Innovation Hits the Wall: How Open Innovation Can Help
A recent article in the New York Times announced the frightening reality facing the pharmaceutical industry: within the next year, drugs with sales of more than $50 billion are coming off patent. Left unsaid was that the incredible profits associated with these sales are also coming to an end in
The Different Taxonomies of Open Innovation
Professor Henry Chesbrough speaks with Gary Hamel, Visiting Professor of Strategic and International Management at the London Business School and Director of the Management Lab. This interview originally appeared on the MIX
Conference: Business Model Innovation in Services
“Business Model Innovation in Services: Delivering Competitive Advantage” is a one-day industry conference taking place Wednesday, September 21 at the Moller Centre in Cambridge, UK. The conference will bring together service thought leaders to present their views on service business model innovation
Resources for Learning About Open Innovation
Rebecca Fernandez, a freelance business writer, posted an article on opensource.com which includes links to various resources for those wanting to learn about open innovation. Two of the experts featured are Professor Henry Chesbrough and Stefan Lindegaard.
How Business Model Thinking Can Jump-Start Your Career
Tim Clark, in his post on the Get Rich Slowly blog, argues that that business model thinking can apply to individuals as well as to organizations. “By getting a better understanding of how our organizations work, business model thinking helps us perform more effectively at our own jobs.”
Can’t Afford to Innovate? Open up!
Former baseball catcher Yogi Berra liked to observe that “the future isn’t what it used to be.” This has also been a commonly voiced opinion about innovation. It is not hard to see why. The great research and development laboratories of the 20th century have downsized, been broken up,
From Products to Services: How Medellín, Colombia is Overcoming the Commodity Trap
I was just reminded of the importance of thinking of a product business as a service. I am just returning from an event in Medellín, Colombia, along with Ken Morse and Carter Williams, formerly from MIT and Boeing, respectively. There, the three of us discussed innovation, with the goal of helping