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 revealed that 54% believe that business model
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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
Innovation Isn’t About New Products, It’s About Changing Behavior
The fastcompany website posted an article which argues that we are at the tail end of an era that has focused almost entirely on the innovation of products and services, and we are at the beginning of a new era that focuses on the innovation of what may be called “behavioral business models.”
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
World Innovation Forum
The World of Business Ideas website announced that the World Innovation Forum will be held June 20-21 in New York City. The conference will discuss strategies for increasing chances of success on both the front end and back end of open innovation. The theme of this year’s event is to
An Interview With Henry Chesbrough
The Social Economic Council of Flanders published an interview in SERV-magazine with Open Innovation pioneer Henry Chesbrough. In the interview Chesbrough addressed questions such as how open services innovation supports cooperation between companies especially small and medium ones; how thinking of
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