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

The BMI Lab Blog

However, very few managers are able to explain their company’s business model ad-hoc, and even fewer can define what a business model actually is in general. The number of companies, which have established dedicated business model innovation units and processes is even lower. The object of innovation 2.

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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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Striking Gold: The $40m Idea Unearthed Through Crowdsourcing

Qmarkets

In 2020 alone, it produced almost 10m ounces of silver and 175k ounces of gold from its three active mines across South America. Hochschild ’s innovation initiatives are focused on optimizing its current operations through continuous improvement, with a particular focus on corporate responsibility. What drives innovation investment?

article thumbnail

Striking Gold: The $40m Idea Unearthed Through Crowdsourcing

Qmarkets

In 2020 alone, it produced almost 10m ounces of silver and 175k ounces of gold from its three active mines across South America. Hochschild ’s innovation initiatives are focused on optimizing its current operations through continuous improvement, with a particular focus on corporate responsibility. What drives innovation investment?