article thumbnail

Business Model Innovation Basics Series - Part 1: What is a Business Model?

The BMI Lab Blog

Alex Osterwalder defines a business model as “a set of assumptions or hypotheses” and Michael Lewis claims that “all it really meant was how you planned to make money” (Ovans, 2015). According to the degree of innovation, innovations can be divided into evolutionary and disruptive innovations. The object of innovation 2.

article thumbnail

Getting Board Buy-In for Your Innovation Project

IdeaScale

It’s not uncommon for corporate boards to lack strong expertise in the areas of innovation and technology. It turns out, getting buy-in from the board of directors can be particularly vexing due to the typical board makeup, their strengths, and their skills gaps. Boards Don’t Prioritize Innovation. Demonstrating ROI of Innovation.

Project 185
Insiders

Sign Up for our Newsletter

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

article thumbnail

Tech Disruptor – The Process Mining Unicorn Celonis

ITONICS

Imagine losing hours of productivity each day due to unnecessary steps in business processes. Europe’s newest tech unicorn – Celonis has developed a process mining solution to address those issues. The startup was founded in 2011 and soon became one of Germany’s fastest-growing tech firms headquartered in Munich, Germany.

article thumbnail

Continuing the Energy Transition Journey

Paul Hobcraft

Technology innovation, suggested new business models, outline proposals for changing policies, processes, and market design all are being “sketched out.” It is evident innovation must be way broader than just technological RD&D. During this past week, I have been working through specific aspects of the energy transition model.

article thumbnail

Moore’s Law Continues To Drive Change

Daniel Burrus

These three technological tenets drive digital disruption and are increasing exponentially every year, and thanks to rapidly advancing technology, will continue to do so. This is due mostly to the complexity of the energy extraction process involved in EUV lithography. What does all of this mean for you and your industry?

article thumbnail

Digital Transformation Combines Customer Experience and Operational Efficiency

Integrative Innovation

In 2015 and 2017, research by Peter Weill and Stephanie L. Each pathway begins in the bottom-left quadrant ( Silos and Complexity ), and each involves significant organizational disruption: Pathway 1: Standardize first – moves enterprises from the Silos and Complexity quadrant to the Industrialized quadrant.

article thumbnail

The Innovation-Driven Disruption of the Automotive Value Chain (Part 2)

Corporate Innovation

Because of problems such as pollution, climate change and loss of productivity due to long commute times, consumer attitudes towards car ownership and use are changing. These technologies and business models are not in the automotive industry’s DNA. Companies in the automotive value chain are faced with a challenging future.