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

mjvinnovation

What Digital Twins Technology is and How It Works. Originally, this term was coined by Dr. Michael Grieves in 2002. So, what is this technology? 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.

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

Wazoku

Advances in mechanisation, mass production and, more recently, technology have shaped where and how we work, as well as what we produce. A new era of work and technological change. New technology in the home made it easier for women to do paid work, relieving them of time-consuming housework. The digital revolution.

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How Apple created two giants

Matthew Griffin

To understand Samsung’s rise to dominance we have to go back to the turn of the new millennium when Apple released their first generation iPod in 2001, quickly followed by the iTunes store in 2002. Why be the assembler when you can be the Venture Capitalist behind the next big technology wave?

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Innovation Networks – Needed Now More Than Ever

The Inovo Group

Today’s VUCA world (Volatile, Uncertain, Complex and Ambiguous) requires that companies form robust knowledge networks to have any real hope of delivering the innovations, especially transformational innovations, that are needed for the growth which they aspire to or to prevent disruption from new entrants. Norton & Company; May 2002.