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Business Model Innovation Basics Series - Part 2: Why Business Model Innovation Matters

The BMI Lab Blog

Learnings from sports competitions Competition in business is similar to sports competitions – there are winners and losers. It also explains why prominent firms, which have been known for their innovative products for years, suddenly lose their competitive advantage?

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Elon Musk – Serial Entrepreneur and founder of Tesla Motors and SpaceX

Destination Innovation

It became PayPal and he held 11% of the stock when it was sold to eBay in 2002 for $1.5B. In 2004 Musk had helped fund the start-up Tesla Motors in order to produce mass market electric cars. He has funded development of the idea and in 2015 he announced a competition for designs for a Hyperloop pod prototype.

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A brief history of work, innovation and skills in the UK

Wazoku

1880s and 1890s – Efforts to raise productivity A growing concern about the standard of Britain’s labour force, particularly when compared with Germany and the other industrial nations, led to a rise in an emphasis on training to increase productivity and competitiveness. The digital revolution. 2020 – THE FUTURE OF WORK ?

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Innovation – Why Bezos Succeeded, While Lampert Failed at Sears

Adam Hartung

Quick Rundown: In January, 2002 Kmart is headed for bankruptcy. The traditional Sears market was niched up across big box retailers like Best Buy, clothiers like Kohls, tool stores like Home Depot, parts retailers like AutoZone, and soft goods stores like Bed, Bath & Beyond. Leaving Sears’ market “hollowed out.”

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