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

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How Technology is Empowering the Modern Property Manager

Business and Tech

Elizabeth Francisco, president of ResMan, offers expansive insights from being a woman in business to the rapid advancement of property management technology. Bias showed itself as I came up through the multifamily industry and then in technology with investors, peers, competitors, and prospective customers.

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Why Software Won’t Eat The World

Innovation Excellence

In 2011, technology pioneer Marc Andreessen declared that software is eating the world. Unlike back east, where businesses depended on stodgy banks for finance, on the west coast venture capitalists, many of whom were former engineers themselves, would decide which technology companies got funded.

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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.

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Discovering the Trends of Tomorrow with AI

ITONICS

Many companies nowadays face the challenge of drawing the right conclusions and implementing them from a variety of technologies, trends, and innovations which are difficult to comprehend. the early phases of the innovation process), AI can be used to identify emerging trends or new technologies at an early stage.

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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

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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.

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