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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). Radical innovations are similar to evolutionary innovations - but the leap of innovation is more comprehensive. Magretta 2002).

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Uncharted Waters Disrupting the Corporate Boardrooms

Paul Hobcraft

In this report, they surveyed 614 global board professionals from a total of 50 countries during the period covered from November 2015 through to February 2016 and then published in February 2016. Corporations are under increasing attack and are really struggling to become more radical in how they can defend, secure and achieve growth.

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Developing a new framework for risk and innovation.

Paul Hobcraft

Interestingly, the pace of innovation stands among the top three risks in 2015 and tops along with regulatory risk, the list foreseen in 2018. The relevant financial measure during this stage is whether the new business can be made profitable in its foothold market. Then we need to strengthening the strategic planning process.

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Developing a new framework for risk and innovation.

Paul Hobcraft

Interestingly, the pace of innovation stands among the top three risks in 2015 and tops along with regulatory risk, the list foreseen in 2018. The relevant financial measure during this stage is whether the new business can be made profitable in its foothold market. Then we need to strengthening the strategic planning process.

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The Case for Dual Innovation

Tim Kastelle

Two-thirds of all breakthrough innovators stated that all innovation and product development is controlled and driven by a centralized organization, at least in its initial stages. More than 70 percent have a different organizational entity for managing radical innovation. (…). Accenture: 2015 US Innovation Survey.

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PLAYING IT SAFE IS THE MOST DANGEROUS THING YOU CAN DO

Innovation 360 Group

One , these companies operated in highly regulated markets. In 2015, they filed for bankruptcy, finally ceding their throne to mobile rideshares like Uber and Lyft. Tiny startups are restructuring of entire industries when they exploiting existing market failures to serve new customer needs.

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Distinct Approaches to Business Model Innovation

Integrative Innovation

(amended, 2015-05-03). Business model innovation (BMI) is becoming ever more important as it turns out increasingly difficult for companies to differentiate based on products and services alone. Focus : What is the most attractive area of opportunity – does it reside in the core business or in adjacent businesses or market?