6 Ways to Reinvent Your Business Model
The Irish Tech News website noted that in 2019, technology has evolved so much that it’s very much a case of adapt or die for all businesses. If you feel as though yours has fallen by the wayside recently and has failed to keep up with changing markets and consumer tastes, it might be time for a reinvention of your business model. Your business model
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5 Trends Transforming Digital and IT Operations Management
The DevOps website reported that in 2018, digital transformation ushered in a radical shift in how enterprises harness customer insights, technology capabilities and rapid experimentation to drive revenue growth, profitability and market leadership. Enterprises spent $1.3 trillion in 2018 on digital
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Deloitte Digital: “We’re Setting The Tone For The Future”
The AdExchange website posted an interview with Andy Main, head of Deloitte Digital, which describes itself as a “creative digital consultancy.” Main outlined what that meant: “When we started, we were focused on helping businesses compete on customer experience and customer relationships. A
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Developing Sustainable and Scalable Business Models
The City University of London website noted that a significant emerging trend is the increasing adoption of a ‘portfolio’ of business models to maximize revenue generation; this study identified at least four distinctive variants. First, the market portfolio, when some firms simultaneously deploy
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3 Business Models That Could Bring Million-Dollar Cures to Everyone
The Harvard Business Review website noted that product classes with fundamentally new performance profiles can’t be dropped into an existing business model and expected to work. The business model — how value is created, captured, and delivered — needs to be reinvented to support the new proposition. It’s
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The Reinvention of NASA
The Harvard Business Review reported that over the past few decades, not only has NASA delivered crucial technologies for society, such as water filtration systems, satellite-based search-and-rescue, and UV coating on eyeglasses, it has also evolved its dominant logic and business model. NASA has moved
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Mark Samuels on Open Innovation in Pharma
The Pharma Times Online website posted an interview with Mark Samuels, chief business and strategy officer of the new Medicines Discovery Catapult, on the role of open innovation in big pharma: “I think collaborative research is increasingly important. Benefits of open innovation include access
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Shenzhen, China: The next Silicon Valley?
The Information Age website reported that the telecommunications giant Huawei has committed $400 billion to R&D over the last ten years, and other companies are following this trend – placing the ethos of innovation at the heart of Shenzhen’s business and social culture. The organisation’s
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Henry Chesbrough on Barriers, Success Stories, and Business Unit Support
The Innovation Leader website posted an article in which Henry Chesbrough discusses why the “inside-out” approach is more challenging for most companies; how open innovation is being practiced at companies like Intel, Eli Lilly, Bayer, and United HealthCare; and some of the common barriers to making
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5 Steps to Creative Business Model Innovation
The InsightsAssociation website noted that at some point every industry and every organization will face disruption. From retailers like Blockbuster and Borders Books to tech giants like Nokia and Blackberry, seemingly untouchable brands have been caught off guard by rapidly changing business landscapes.
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