article thumbnail

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. It also explains why prominent firms, which have been known for their innovative products for years, suddenly lose their competitive advantage?

article thumbnail

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.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How much is innovation costing your organization?

Innovation 360 Group

Openness is where market innovation truly takes place. Successful organizations use external resources in an open co-creation process to achieve a larger accessible market through building value nets and growing the total market. Penker (2008-2011). Be Open – share ideas with competitors.

article thumbnail

Adaptive Strategy Matrix [Infographic]: exploration vs. exploitation?

Open Innovation EU

I recently ran into an article (Walrave et al 2011) that analyzed a simulation of investing in exploration vs. exploitation. However, because of the success of this strategy, there will be a decrease of competition (from your perspective) resulting in external pressure to focus more on exploration. Download infographic.

article thumbnail

How Technology is Empowering the Modern Property Manager

Business and Tech

At the time we were looking to raise capital (between 2011 and 2013), businesses with women on the executive team received only 7 percent of the venture funding. I educated myself on SaaS metrics and benchmarks, customer support models, sales techniques, marketing, and even pitching to investors. This will make or break you.

article thumbnail

7 Things Every CEO Should Know About Their Patents

Anaqua

Even in the most extreme cases where there is a perfect intersection of data, analytics, valuable metrics, and huge incentives to utilize and optimize, we see both surprising catastrophic failures, and stunning opportunites in markets. End of 2011 $1,578. End of 2011 $48 (net of accumulated amortization of $1,114). billion ($2.9

Roadmap 40
article thumbnail

Our inabilities to adapt needs changing.

Paul Hobcraft

Then it becomes a mad scramble to transform ourselves, often with damaging consequences of deteriorating performance, battling more competition that are sensing our weakness, never capable of returning to those previous highs. Adapting the business model to the needs and desires of the market. This is where breakthroughs live.

Change 100