Design the Right Open Innovation Project
The Innovation Excellence website noted that Open Innovation is now widely recognized as a way to enhance options for innovation by accessing external assets. However it can mean many things to many people; from running a crowdsourced idea scheme like LegStarbucksIdea, or MyStarbucksIdea, through to large co-branded initiatives like Senseo. In the
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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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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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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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Smarter Ways to Bridge the Innovation Gap
The Irish Times posted an article which noted that innovation is an essential element for business development and success, but many innovations fail. The key reasons for such failures, according to Prof Oliver Gassmann – a leader in the area of open innovation – include overengineering, poor
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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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