Remove 2002 Remove How To Remove Marketing Remove Technical Review
article thumbnail

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

The BMI Lab Blog

How do we make money in this business? What is the underlying economic logic that explains how we can deliver value to customers at an appropriate cost?” Magretta, 2002). WHO – Every business model serves a certain customer group (Chesbrough and Rosenbloom 2002; Hamel 2000). Magretta 2002).

article thumbnail

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. This figure shows how competitive advantage is generated over a market lifecycle.

Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Innovation Networks – Needed Now More Than Ever

The Inovo Group

An internal innovation network today can be the T-shaped entity of an organization that can effectively bring new knowledge, both know-what and know-how, into the company. New technologies, tools and systems make innovation networks more possible and more influential than ever. Norton & Company; May 2002. and McDermott, R.;

article thumbnail

Innovation – Why Bezos Succeeded, While Lampert Failed at Sears

Adam Hartung

Quick Rundown: In January, 2002 Kmart is headed for bankruptcy. As malls came along, Sears was again a pioneer “anchoring” many malls and obtaining lower cost space due to the company’s ability to draw in customers for other retailers. Leaving Sears’ market “hollowed out.”

Trends 36
article thumbnail

How the current patent system actually hurts innovation (and how patent trolls are being fought)

Idea to Value

Originally, patents had a simple purpose: By filing a patent, an inventor or company showed how their new technology worked, in exchange for legal protection for the duration of the patent. This is still the basis of how patents work today. Does this system still work? This body of existing knowledge is called “prior art”.

System 100