7 Principles of Complete Co-creation
The YourStory website noted that traditional top-down business models based on knowledge dominance and mass-market approaches are under pressure from more open, collaborative models that directly and continuously involve customers. In a fast-moving global economy where customers are more digitally connected, informed and empowered than ever before,
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Executing Lean Growth Strategies
The Business and Leadership website noted that lean thinking, customer development frameworks and business model innovation are transforming how new products are built and how growth strategies are developed. These frameworks help organizations design products that customers need and help reinvent their
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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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4 revolutionary business models
The Myob website notes that a business model is not focused on what you do but HOW your business creates, delivers and captures value. Much has been written about the impact of online businesses on traditional brick and mortar business. However, going online does not change the core business in
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Should customers be closed out of Open Innovation?
An article on the MRTplus website notes that Open Innovation is a tool that often implores you to engage stakeholders from all channels, customers very much included, as sources of breakthrough product ideas. There are many case studies and examples of how customer portal websites and other “crowdsource”
Breakthrough with Business Model Innovation
A blog by Michell Osak notes that many companies find themselves in situations where following the ‘same old strategy’ has little chance of reigniting growth. Realistic CEOs quickly come to the realization that when the going gets really tough, the tough innovate their business model.