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

The BMI Lab Blog

Learnings from sports competitions Competition in business is similar to sports competitions – there are winners and losers. You don’t need to “reinvent the wheel” for small but innovative changes in your business model, instead get inspired by existing concepts in other industries and apply them to your business model.

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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. 1945 – Producing skilled workers to rebuild after the war At the end of the Second World War, courses were again adapted to the needs of post-war reconstruction to provide training for the building industry.

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Coopetition

CREATORS

You can read part one HERE ** Do you remember who invented the liquid crystal display (LCD) back in 2003 that disrupted a whole industry and thereby brought the era of traditional tube televisions to an end? the similar pursuit of collaboration and competition between firms producing or developing complementary or related products.

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Debunking Disruptive Innovation – Why Disruptive Innovation is Not a Strategy

Leapfrogging

He argued that companies, and entire industries, can be “disrupted” by unforeseen competitors – new entrants that offer up products or technologies at a fraction of the cost yet with equal or greater benefits compared to current options. Industry leaders die. He shared compelling examples. The result? New leaders arise.

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Innovation is Combination

IdeaSpies

A real innovation, so the argument goes, must be truly transformational, like the IBM PC, which created an entire industry. Traditionally, that’s been done within a particular organization or field, but to come up with breakthrough ideas in the 21st century, we increasingly need to transcend conventional boundaries of company and industry.

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Business model creation and innovation in China: not just copycats.

The BMI Lab Blog

We can summarize their business approach in the following points: The Chinese customers are avid buyers of technology. The American e-commerce giant acquired EachNet in 2003 for USD 180 million, with a willingness to step into the enormous Chinese market. How do Chinese innovators work?

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Open Innovation: Convincing the Decision Makers

eZassi

Industry experts, problem solvers and even your customer base represent untapped resources that have the potential to both identify potential threats to your business and generate real solutions that can be implemented. It is an absolute guarantee that your competitors are investing resources into innovation.