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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). Moreover, emerging technologies or trends may change the market environment - a company may be forced to act reactively or may want to act proactively by adapting the existing business model.

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Open Strategy: Mastering Disruption From Outside The C-Suite

Innov8rs

Innov8rs | Making strategy behind closed doors is a prescription for failure when disruptions are coming from all directions. Strategy is often made by elite teams and can thus be limited by their biases about competitors, customer needs, and market forces. Formulating and executing a sound organizational strategy is complex.

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Customer Orientation Effects on Innovation

Integrative Innovation

A disruptive innovation is a new offering that introduces a different set of performance attributes relative to what already exists, and this set of attributes is initially attractive to an emerging customer segment but unattractive to mainstream customers (Adner, 2002; Christensen, 1997). The personal computer is another example.

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Disrupting Markets – Why PayPal Is Worth More Than Ebay

Adam Hartung

in 2002 , in order to grease the wheels for faster ecommerce growth. Because once in a growth stall the company has already missed the market shift, and competition is taking customers quickly in new directions. But it almost never happens – because the market shift is making their offering obsolete. About $8B/year each.

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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. In 2014 Amazon entered the smartphone market with the release of the Fire Phone. Disrupt your own business before someone else does. Lessons for Innovators.

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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. As a result, the product’s digital twin help to reduce production costs and time-to-market, all while improving quality. Reduced time to market for new products. Half the battle for companies is getting to market faster than their competitors.

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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?