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

The BMI Lab Blog

However, very few managers are able to explain their company’s business model ad-hoc, and even fewer can define what a business model actually is in general. Magretta, 2002). WHO – Every business model serves a certain customer group (Chesbrough and Rosenbloom 2002; Hamel 2000). Magretta 2002). The object of innovation 2.

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

The BMI Lab Blog

The main reason is the constantly changing ecosystem conditions – companies need to respond to the dynamics and uncertainties created by new technologies, fierce competition, increasing inter-industry competition, shorter product lifecycles, commoditization, and regulatory changes (Cliffe, 2011; Gassmann et al, 2020). link] Cliffe, S.

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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. Media is under change, and that change is being created by technology. The Washington Post had to transition from a “newspaper” company to a “media and technology company.” He became a very, very active “hands on” manager.

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