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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). A more comprehensive yet simple way to describe business models is the “Magic Triangle” which consists of four essential dimensions – WHO, WHAT, HOW and VALUE.

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

The BMI Lab Blog

The holistic approach of how a company is implementing a strategy and works its way towards its vision is described by the logic of all dimensions of its business model – the WHO, WHAT, HOW and VALUE. In opposition a strategy is a plan to achieve a unique, differentiated positioning over the competition. Christensen, C.

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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.;

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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. 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. There was no way a cost cutting strategy would save KMart or Sears.

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