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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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Options-based Strategy: An Approach for Uncertain Times

The Inovo Group

This is the second in a series of articles about the convergence of strategy and innovation. For more information about the series, and a list of published and upcoming articles, please visit A New Era of Strategy and Innovation. Most strategies are built on specific beliefs about the future. Highlights.

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You need a red team, not a red pill

Jeffrey Phillips

Red teams and blue teams originate from the military, where one team takes on the role of an attacker or proposes a strategy and another team seeks to disrupt or destroy the strategy. Implementing a red team review If you'd like to know more about how to implement a red team review, contact me at innovateonpurpose@gmail.com.

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Creating Innovation Connections as the Customer Advocate

IdeaScale

Bezos took a strong stand that the company must not create a business strategy designed only to protect their existing business when their customers clearly wanted something else. 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.

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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).

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Can’t We All Just Get Along? Innovation and Bridging the Generational Divide

Idea to Value

While a structured, repeatable innovation process is critical to create and sustain innovation in a competitive, dog-eat-dog marketplace, it alone is not always sufficient to turn a great innovative idea into a profitable “on-the-store-shelves” reality. A notorious clash among i nnovation teams is the rift between boomers and millennials. [2]

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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.