article thumbnail

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

The BMI Lab Blog

Magretta, 2002). WHO – Every business model serves a certain customer group (Chesbrough and Rosenbloom 2002; Hamel 2000). Magretta 2002). 2005), plus their orchestration in the focal firm’s internal value chain form the third dimension within the design of a new business model. And what does the customer value?

article thumbnail

Become proactive instead of reactive with Future Designs

mjvinnovation

Let’s take a step back and dig a little deeper into the theory behind Futures Studies and Futures Design in order to contextualize “scenario” and “collapse”. He revisited this model in Advancing Futures (2002). Coachella is postponing, while E3, the biggest game design fair in the world, is going virtual. Hawaii foresight Ph.D.

Design 59
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Innovation Insights from Jeff Bezos and Amazon

Destination Innovation

Although its sales of new books were growing very healthily, in 2002 Amazon introduced a service whereby people could sell second-hand books through the company’s website. But Amazon had no experience or competence in electronic product design or manufacture. Disrupt your own business before someone else does.

article thumbnail

Disrupting Markets – Why PayPal Is Worth More Than Ebay

Adam Hartung

And collectors as well as designers suddenly discovered all kinds of products they formerly could not find. in 2002 , in order to grease the wheels for faster ecommerce growth. Things we used to sell via garage sale we could now list on eBay. eBay sales exploded, as traditional retail started it slide downward. About $8B/year each.

article thumbnail

Has COVID-19 led us into a Collapse scenario?

mjvinnovation

Let’s take a step back and dig a little deeper into the theory behind Futures Studies and Futures Design in order to contextualise “scenario” and “collapse”. He revisited this model in Advancing Futures (2002). Coachella is postponing, while E3, the biggest game design fair in the world, is going virtual. Hawaii foresight Ph.D.

article thumbnail

Spotting Innovation Opportunities

ITONICS

Disruptive technologies or innovations boost new business models that change the game of existing industries like the space industry (SpaceX), the music industry (Spotify), the film industry (Netflix) or the banking sector (FinTechs), just to name a few. Is there a pattern for disruption & breakthroughs?

article thumbnail

Digital Twins: what it is, how it works, and the advantages of this technology

mjvinnovation

Originally, this term was coined by Dr. Michael Grieves in 2002. This allows you to make the necessary adjustments and create a more efficient design. Continue to braoden your knowledge; download our e-book: “ Digital Disruption – your company leading the market”! Digital Disruption. Your company leading the market.