Business Model Innovation in Practice
A blog on the Bullethq website notes that the concept of a business model has been around for a long time, however it has only really gained popularity with start-ups in the last few decades. So much so that one of the first questions a potential investor will ask these days is what is your business model? This can be a difficult question to answer
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Open Innovation in Photonics
An article on the SPIE website by Henry Chesbrough and Jason Eichenholz notes that these days the leading industrial enterprises of the past are encountering remarkably strong competition from many upstarts. Surprisingly, these newcomers conduct little or no basic research on their own. Instead, they
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Open Innovation in Nutraceuticals & Functional Foods
The Nutraceuticals World website posted an article which noted that increasingly diverse industry thought leaders, corporate executives and academics are touting the benefits of open business models to increase speed to market, enhance execution, fill the new product pipeline and diversify and drive
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Why Many Innovation Initiatives Fail
The Innovationexcellence website posted an article which asks the question, wouldn’t it be great if you could do customer service like Zappos? Or design like Apple? Or innovation like 3M? Who wouldn’t want to be like those firms? Well, it’s not so simple. The entire Zappos business model is built
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The Innovation Spiral
The Openinnovation.eu website notes that there was a time, not so long ago, when ‘‘innovation’’ meant that companies needed to invest in extensive internal research laboratories, hire the most brilliant people they could find, and then wait patiently for novel products to emerge. Not anymore.
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GE: Profiting from Open Services Innovation
The Innovation Excellence website posted an article by Henry Chesbrough which notes that as new products come to market with increasing frequency and take valuable market share, more and more companies are finding it increasingly challenging to keep up and compete. Product life span is further shortened
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Business Model Innovation in Higher Education
The educause website posted an article which noted that business model innovation is one of the most challenging components of 21st-century leadership. Making incremental improvements to a business model—creating new efficiencies, expanding into adjacent markets—is hard enough. Developing and
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Adding Service Innovation
The postcrescent website notes that for many years companies have been focusing their offerings to end users on their products. Today we see companies are realizing they can increase the value they deliver by also adding service innovation to their portfolio. This trend is often associated with business
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Business Model Innovation: Path to Greatness
Forbes magazine posted an interview with Scott Anthony, managing director at innovation consulting firm Innosight, who discusses how large corporations are becoming more and more entrepreneurial andthe variety of forces driving this shift. More and more companies recognize that they can’t hold a
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Big Companies Can Unleash Innovation
The Bloomberg website published an article which noted that large companies are now better positioned to innovate than ever before. The innovation revolution spurred by venture capitalists decades ago has created the conditions in which scale allows big companies to shift from shackling innovation