article thumbnail

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

The BMI Lab Blog

2008), or, more simply, the value proposition (Teece 2010). Evolutionary innovations are incremental improvements in the performance of existing products along the mainstream customer requirements in existing markets with existing competencies and the current business model (Christensen et al., You need an innovation strategy.

article thumbnail

Overcome resistance and capture growth in the Financial Services Industry

Innovation 360 Group

“Companies that master the delicate balance between cutting costs to survive today and investing to grow tomorrow do well after a <downturn>” HBR 2010. Dealing with uncertainty demands innovative ideas. The importance of radical innovation. Why is this distinction important?

Insiders

Sign Up for our Newsletter

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

article thumbnail

Organizing for Simultaneous Innovation Capability – key findings from +1,000 companies, republished from Drucker Forum 2016

Innovation 360 Group

All companies have a conscious or unconscious strategy, leadership, culture, capabilities, and competencies they use to improve and innovate business internally (e.g. According to Steve Coley (2009) the innovation work can be divided into three parallel Horizons , each one representing an S-Curve. value proposition).

Company 40
article thumbnail

Organizing for Simultaneous Innovation Capability – key findings from +1,000 companies, republished from Drucker Forum 2016

Innovation 360

All companies have a conscious or unconscious strategy, leadership, culture, capabilities, and competencies they use to improve and innovate business internally (e.g. According to Steve Coley (2009) the innovation work can be divided into three parallel Horizons , each one representing an S-Curve. value proposition).

Company 40
article thumbnail

When innovation led to a reversal of fortunes

hackerearth

Huge layoffs and millions of dollars in losses drove the company to adopt a business strategy that focused on capabilities. Lego overcame its near-demise situation when the then president, Kjeld Kirk Kristiansen, decided that innovation was the only way out in 2001. Their producing tons of bricks inside-the-box strategy didn’t work.

article thumbnail

IA Summit 10 - Day 3

Boxes and Arrows

2010 IA Summit theme music generously provided by Bumper Tunes. Through a website case study, they cover what worked and what didn’t for testing content early in the project—from concepts to prototypes—to inform content strategy and tactics. Subscribe to the Boxes and Arrows Podcast in iTunes or add this page to your Del.icio.us

Design 74