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Business Model Innovation Basics Series - Part 1: What is a Business Model?

The BMI Lab Blog

Magretta, 2002). Alex Osterwalder defines a business model as “a set of assumptions or hypotheses” and Michael Lewis claims that “all it really meant was how you planned to make money” (Ovans, 2015). WHO – Every business model serves a certain customer group (Chesbrough and Rosenbloom 2002; Hamel 2000). Magretta 2002).

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

The BMI Lab Blog

However, a business model shouldn’t be innovated or improved ad-hoc in a “one-and-done” fashion – instead due to its importance and the dynamic changing market conditions it should be updated and checked continuously on a regular basis. How to design a winning business model. Harvard Business Review. MIT Sloan Management Review.

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Innovation Networks – Needed Now More Than Ever

The Inovo Group

New technologies, tools and systems make innovation networks more possible and more influential than ever. Innovation Networks can help break the constraints of short-termism and the hierarchical and matrixed structures designed for operational excellence. Norton & Company; May 2002. and McDermott, R.; Buchanen, M.