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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. The holistic approach of how a company is implementing a strategy and works its way towards its vision is described by the logic of all dimensions of its business model – the WHO, WHAT, HOW and VALUE.

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You need a red team, not a red pill

Jeffrey Phillips

Where innovators go wrong What a good red team investigation could do for innovation teams is to identify assumptions that are subject to a lot of variation, research that is a bit suspect or limited, unexpected competition or future shifts in customer needs or behavior that were ignored or overlooked.

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Creating Innovation Connections as the Customer Advocate

IdeaScale

They did just that, and by 2011, e-books sales surpassed sales of print books. In fact, by April 2011, Amazon became the world’s largest e-book retailer. As the customer advocate, you’ll need consistent habits that help you: Stay informed about customer satisfaction and the competitiveness of your offerings.

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Shifting innovation from a vague buzzword to a mechanism of progress

Christensen Institute

Below, Todd shares his three-step process, grounded in Christensen’s theories, on how to shift innovation from a vague buzzword to a clear way to make progress. Read on to learn from how this innovator in action is leveraging theory for progress. He immediately answered Intuit.

Design 52
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How to Turn your Employee Engagement Problem into a Continuous Improvement Solution

Qmarkets

– where levels are the highest in the world – the rate for engagement has been stuck at around 30% for nearly a decade, growing from 29% in 2011 to 31% in 2017. The post How to Turn your Employee Engagement Problem into a Continuous Improvement Solution appeared first on Qmarkets. In Canada and the U.S.

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How to Overcome Employee Engagement Barriers With a Continuous Improvement Program

Qmarkets

– where levels are the highest in the world – the rate for engagement has been stuck at around 30% for nearly a decade, growing from 29% in 2011 to 31% in 2017. The post How to Overcome Employee Engagement Barriers With a Continuous Improvement Program appeared first on Qmarkets. In Canada and the U.S.

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How much is innovation costing your organization?

Innovation 360 Group

Ultimately, the market evolved to support a declining price based on competitive price pressures, and that is good for everyone. Much like our discussion above regarding competitors, companies who take advantage of the “network” of customers can sometimes harvest significant competitive advantage. Penker (2008-2011).