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

The BMI Lab Blog

The number of companies, which have established dedicated business model innovation units and processes is even lower. In 1994 Peter Drucker defined business models as “stories that explain how enterprises work” and answer the age-old questions of Peter Drucker’s Theory of Business – “Who is the customer? The object of innovation 2.

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Innovating in an Economic Downturn

Innovators Alliance

Four Power Moves to Turn Economic Downturns into Innovation Uptrends During an economic downturn, it’s hard to think outside the bucks – let alone the box. We often jump to cost-cutting in an effort to preserve profits and cash flow. The logic is simple: we need to stay afloat.

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How to Keep Innovating in an Economic Downturn

Innov8rs

Innov8rs | As we seem to heading towards economic downturn, leaders find themselves trying to reduce costs and foster growth at the same time. We have seen this happening during the last economic crisis, when merely 10% of companies performed better at the end of the crisis than they did before it.

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Top 10 yet2 Blog Posts of 2018

Yet2

Our team wrote a number of widely read blog posts in 2018, spanning the topics of artificial intelligence (AI) and machine learning, adjacency in tech scouting, startups and their comparative value proposition, anonymous searches in tech scouting and more. Tech Scouting Blog Posts. Here’s a recap of those blog posts.

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Great to Good Innovation

IdeaSpies

I’m going to talk about how, in the 21st Century, we need ‘Goodness’ more than ‘Greatness’ when it comes to innovation. If I asked you to name some innovations of the 20th Century, which ones would you think of? We are familiar with all these inventions. Here is another question: Do you know who these people are?

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Great to Good Innovation

IdeaSpies

If I asked you to name some innovations of the 20th Century, which ones would you think of? So, I typed ‘Innovations of the 20th Century’ , and the results I got are 1) Nuclear Power 2) Personal Computer 3) Airplane 4) Automobile 5) Antibiotics 6) Television, etc. We are familiar with all these inventions.

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Seven impacts Open Innovation can have on your bank!

mjvinnovation

It is no coincidence that the financial market, banks specifically, are among the most innovative. The disruptive initiatives that have emerged with external partnerships have kept this sector at the peak of global Innovation. . We’ll talk more about that in this article. Why are banks investing in Open Innovation?