Remove 2007 Remove Competition Remove Learning Remove Underperforming Technical Team
article thumbnail

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. It also explains why prominent firms, which have been known for their innovative products for years, suddenly lose their competitive advantage?

article thumbnail

Options-based Strategy: An Approach for Uncertain Times

The Inovo Group

How do you create a company that can adapt, respond, and reinvent itself to become stronger in both good times and bad? What is needed is a new strategic framework that serves both the current, increasingly competitive, situation as well as providing a strategic path through an uncertain future. Michael Raynor.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Designing for Harmony

Boxes and Arrows

After enjoying almost total market domination, Intuit finally was beginning to face some competition. Intuit had developed its mobile platform late in the game, creating an inconsistent experience. In 2007, Scott Cook had another important insight: He realized that he’d never be Steve Jobs.

Design 104
article thumbnail

11 Paradoxes of Entrepreneurial Thinking: why entrepreneurship can hardly be taught

Open Innovation EU

As opposed to entrepreneurship, entrepreneurial thinking is not necessarily bound to entrepreneurs (to be); it is an essential skill for ‘strengthening human capital, employability and competitiveness’ (Bacigalupo et al., Entrepreneurial thinking is described as having an entrepreneurial expert mindset (Krueger, 2007). Krueger, 2007).

article thumbnail

50 what-if questions to reimagine the future

Board of Innovation

What if you were charged a fee for delivering a bad customer experience? The manufacturing industry is becoming increasingly capable of creating small batches (or even single units) of personalized products at very competitive prices. What if you were charged a fee for delivering a bad customer experience? More ambitious?