article thumbnail

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.

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?

Insiders

Sign Up for our Newsletter

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

article thumbnail

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.

Company 40
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?