Savvy Firms Go Unstable by Choice
The EnterpriseINNOVATION website reported that Gardner predicts that, by 2017, 70% of successful digital business models will rely on deliberately unstable processes designed to shift with customers’ needs. Business and IT leaders must be ready and willing to innovate rapidly from a business model, business process and technology perspective.
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Business Models That Put Evolution Before Revolution
The Harvard Business Review noted that business model innovation is hard. But managers make it harder when they think about it only as radical industry reinvention. While revolutionary business model changes can be valuable, you don’t necessarily need to transform your industry. You don’t need
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Open Innovation Basic Ingredient of Chez Panisse’s Success
The NewsWise website reported that the groundbreaking restaurant Chez Panisse’s strategic use of branding its suppliers’ names on the menu is a prime example of the “open innovation” business model at work. A case study, “Chez Panisse: Building an Open Innovation Ecosystem,” found
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Seminar: Open Innovation and Corporate Entrepreneurship
The ABIS Global site announced that an Open Innovation and Corporate Entrepreneurship Seminar will be held at the ESADE Business School, Barcelona, Spain on May 18, 2015. Henry Chesbrough, Ken Morse and Wim Vanhaverbeke, the three renowned experts who have been helping companies find the right paths
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The Danger in Missing the Innovation Moment
The Business Education website reported that products and companies do not differentiate winners from losers; it is the right business models that do. Of the Boston Consulting Group’s 25 most innovative companies in 2013, 14 are business model innovators. Business model innovation is more profitable
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Dialing Up the Volume on Strategic Innovation
The Bloomberg website noted that as generations-old business models are upended by innovations in retail, financial services, bookselling, and a host of other industries, companies must continually adjust their strategic positioning to edge out rivals. But senior executives often find it difficult
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Changing the Innovation Game
The Innovation Excellence website noted that Open Innovation has gained a lot of traction since Henry Chesbrough’s seminal 2003 book on the subject. The best Open Innovation programs are fully aligned with strategy and have a clear view of what they need to deliver. Companies need to attract potential
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Disrupting Your Business Model
The RTOHQ website notes that in general there are three options for a disruptive and visionary game changer: First, develop your own disruptive business model. Second option, you develop further the existing business model in the current industry or in adjacent industries and categories. Third option,
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Catalyzing Innovation
The Liebertpub website published a case study of the journey that Coca-Cola, Ford, H.J. Heinz, Nike, and Procter & Gamble took in the formation and operation of the Plant PET Technology Collaborative (PTC). The technical complexity, investments required, and risks in advancing 100% bio-polyethylene
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How To Reinvent Your Business Model
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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