
4 Types of Innovation and the Problems They Solve
The Harvard Business Review website noted that when you have a really tough problem, it often helps to expand skill domains beyond specialists in a single field. That, in essence, is the value of open innovation. Many believe it is just these kinds of unlikely combinations that are key to coming up with breakthroughs. In fact, a study analyzing 17.9
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Turning Your Innovative Ideas Into Business
The MalayMailOnline website noted that Steve Blank said when he elaborates the difference between Business Plan and Business Models, “no business plan survives first contact with the customer.” While business planning is about making assumptions and hypotheses, a business model is designing and
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What Makes Corporations Stop Innovating?
On the e27 website author and retired serial entrepreneur-turned-educator Steve Blank explores the billion dollar question – why can’t most corporations be as innovative as startups? In a large company, fear of failure inhibits speed and risk-taking while in a startup fear of failure drives speed
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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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Why Internal Ventures are Different From External Startups
The Huffington Post website posted an article by Henry Chesbrough in which he noted that the question of how corporations can be more innovative is one he has wrestled with for a long time. Recently, Steve Blank, Alexander Osterwalder and Chesbrough have started sharing notes, ideas and insights on this
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The Future of Corporate Innovation
The Huffington Post posted an article by Steve Blank on its website which noted that in 2012 he got together with Alexander Osterwalder, Henry Chesbrough and Andre Marquis to think about the Lean and the future of corporate innovation. They had some radical thoughts how companies were going to have
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The Business Model, A Canvas for Growing Innovation
In a post on the Innovation Excellence website, Paul Hobcraft reports on the Business Design Summit held in Berlin April 19-20. The summit became the place for innovation ‘tool-smiths’ to meet and begin forging and crafting new tools needed for innovation. These are aimed to help us in
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Corporate Business Model Innovation
The University of California at Berkeley Center for Executive Education has announced a program on Corporate Business Model Innovation led by Henry Chesbrough, Alex Osterwalder and Steve Blank. The announcement notes that most major corporations limit the scope of their innovation processes to the creation
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