When Biz Model Innovation Comes Full Circle

When Biz Model Innovation Comes Full Circle

By • on March 11, 2019

The China Daily website noted that China’s creation of some of the world’s best-known tech-world abbreviations like BAT –  short for Baidu, Alibaba and Tencent – can be pinned to the power of the internet. BAT have overhauled traditional commercial business models by expanding new channels and significantly lowering costs,

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Open Innovation: 2 approaches towards value creation

Open Innovation: 2 approaches towards value creation

By • on November 23, 2016

The Imaginatik website noted that Open Innovation is designed to engage folks “out in the world” in a way that adds value to everyone involved. There are two approaches to do so: 1. Exploit OI as a challenge – engaging with folks “out there” of relevance to your operations “within your organizational

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China’s Next Strategic Advantage: Innovation.

China’s Next Strategic Advantage: Innovation.

By • on September 18, 2016

The Intheblack website reported that many people talk of China’s economic and industrial development as following roughly the same path as Japan and South Korea on a much larger scale. However, a key difference is open innovation, where businesses take a highly collaborative approach. China has worked

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Turning Your Innovative Ideas Into Business

Turning Your Innovative Ideas Into Business

By • on April 22, 2016

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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The Future: Share with Your Customers

The Future: Share with Your Customers

By • on May 20, 2015

The Venturebeat website reported that according to recent research by OpenMatters and Wharton Business School, companies that share insights and economics and co-create with their network of customers, employees, investors, retailers, and suppliers are worth 2-4 times more than companies with other business

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