4 Types of Innovation and the Problems They Solve

4 Types of Innovation and the Problems They Solve

By • on July 11, 2017

The Harvard Business Review website noted that when you have a really tough problem, it often helps to expand skill domains beyond specialists in a single field. That, in essence, is the value of open innovation.  Many believe it is just these kinds of unlikely combinations that are key to coming up with breakthroughs. In fact, a study analyzing 17.9

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Companies Waking Up To Business Model Innovation

Companies Waking Up To Business Model Innovation

By • on September 8, 2016

The Strategyzer website posted an article which noted that 16 years since the release of the Business Model Canvas, companies are slowly waking up the importance of business model innovation. Business Model Canvas author Alex Osterwalder reflects on the journey and offers concrete advice for what companies

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Turning Your Innovative Ideas Into Business

Turning Your Innovative Ideas Into Business

By • on April 22, 2016

The MalayMailOnline website noted that Steve Blank said when he elaborates the difference between Business Plan and Business Models, “no business plan survives first contact with the customer.” While business planning is about making assumptions and hypotheses, a business model is designing and

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Digital Transformation: What is a Business Model

Digital Transformation: What is a Business Model

By • on July 21, 2015

The ZDNet website noted that business models play an essential role in defining the value that any organization delivers to its customers. When an industry or group fundamentally changes how it provides value, business model innovation is often involved. Business models expire much faster today [than

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Business Model Canvas Is Replacing Traditional Business Plans

Business Model Canvas Is Replacing Traditional Business Plans

By • on March 3, 2015

The PR Newswere website noted that the Business Model Canvas is rapidly being adopted worldwide. In a study conducted jointly by Strategyzer and Business Models Inc., the main reason identified for the adoption of the Business Model Canvas is that it provides a common language for strategy and innovation,

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How To Reinvent Your Business Model

How To Reinvent Your Business Model

By • on March 29, 2014

The Forbes website posted an article which stresses the importance of reinventing your business model. The article quotes Alex Osterwalder: “Every organization has a business model, but it’s relatively new that people need to make it explicit. It used to be that in one industry, you’d have

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Why Internal Ventures are Different From External Startups

Why Internal Ventures are Different From External Startups

By • on March 29, 2014

The Huffington Post website posted an article by Henry Chesbrough in which he noted that the question of how corporations can be more innovative is one he has wrestled with for a long time. Recently, Steve Blank, Alexander Osterwalder and Chesbrough have started sharing notes, ideas and insights on this

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The Business Model, A Canvas for Growing Innovation

The Business Model, A Canvas for Growing Innovation

By • on April 30, 2013

In a post on the Innovation Excellence website, Paul Hobcraft reports on the Business Design Summit held in Berlin April 19-20. The summit became the place for innovation ‘tool-smiths’ to meet and begin forging and crafting new tools needed for innovation. These are aimed to help us in

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Corporate Business Model Innovation

Corporate Business Model Innovation

By • on April 16, 2013

The University of California at Berkeley Center for Executive Education has announced a program on Corporate Business Model Innovation led by Henry Chesbrough, Alex Osterwalder and Steve Blank. The announcement notes that most major corporations limit the scope of their innovation processes to the creation

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Talking #Open Innovation with Prof. Henry Chesbrough

Talking #Open Innovation with Prof. Henry Chesbrough

By • on February 16, 2013

The IntelligentHQ website posted an interview with Henry  Chesbrough. Chesbrough has written extensively on the topic of open innovation, a term that he coined in his award-winning book Open Innovation: The New Imperative for Creating and Profiting from Technology . More recently, Chesbrough has turned

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