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. 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.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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.

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. Model of Exploration vs. The article built a simulation and was able to test the effective of different strategies under different circumstances. Without intervention this will work till the end of time.

article thumbnail

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.

article thumbnail

71 Innovation Methodologies

Open Innovation EU

Focus stage: Maturity Published: 2011 more…. Focus stage: Early-stage Published: 2011 more…. Focus stage: Early-stage Published: 2011 more…. Design Competitions. Focus stage: Maturity Published: 2011 more…. Innovation Strategy (Goffin). Innovation Cycle (Avans). Focus stage: Growth Published: 2013 more….

article thumbnail

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).