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

The BMI Lab Blog

Business Models in the context of Innovation A common way to differentiate innovations is the categorization according to two generic characteristics: 1. The object of innovation 2. A business model innovation is defined as the conscious change of at least two dimensions of the introduced “Magic Triangle”. Christensen C.

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What is innovation, and how can it benefit your company?

mjvinnovation

For many companies, innovation means taking products and services and changing them in detail: color, shape, features, size, etc. However, this form of incremental innovation alone does not work anymore in many markets. Besides, due to digital transformation, companies also need to develop more digital business models.

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