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When innovation led to a reversal of fortunes

hackerearth

Jobs began by changing the company’s image and ran his “Think Different” advertising campaign, which glorified individuality. That is the lesson learned at Lego — just in time,” says David Robertson, Professor of Practice teaching Innovation and Product Development at Wharton. Then, Microsoft invested $150 million (!)

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8 innovative business models to navigate the digital era

hackerearth

Especially, the emerging technologies require new business models to fully realise its value. Just like the advent of cloud technology that is substituting the model of selling software through perpetual licensing with the SaaS model. Here, the freemium model acts as the secondary or tertiary source of revenue. Crowdsourcing model.