Remove B2C Remove Competition Remove Underperforming Technical Team
article thumbnail

Business Model Innovation Basics Series - Part 2: Why Business Model Innovation Matters

The BMI Lab Blog

Learnings from sports competitions Competition in business is similar to sports competitions – there are winners and losers. It also explains why prominent firms, which have been known for their innovative products for years, suddenly lose their competitive advantage?

article thumbnail

5 Excuses of companies that don't innovate (and how to overcome them)

Moves the Needle

Sales says they just sell whatever the product team delivers. The product team says they struggle to keep up with a long list of features required by product management. What they need in order to be more competitive may or may not require technical innovation. Eric Ries came from b2c.) Customer Development came from b2b.)

LEAN 75
Insiders

Sign Up for our Newsletter

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

article thumbnail

5 Excuses of Companies that Don’t Innovate (And How to Overcome Them)

Moves the Needle

Sales says they just sell whatever the product team delivers. The product team says they struggle to keep up with a long list of features required by product management. What they need in order to be more competitive may or may not require technical innovation. Eric Ries came from b2c.). Innovation is somebody else’s job.

Company 64
article thumbnail

Key Issues in Innovation Management – Revisited – Part 2

Tim Kastelle

Research confirms: development of exploration in parallel to exploitation capabilities proves to be mandatory for established companies in order to compete successfully and sustainably. One way for established organizations to strengthen exploration is by developing internal capabilities in order to overcome their inherent inertia.

article thumbnail

Key Innovation Issues for 2016 and Beyond

Integrative Innovation

This requires companies to proactively or reactively innovate their business models in order to remain competitive. The platform environment is mostly characterized by a tension between collboration and competition of the participating companies, often referred to as coopetition. Cases in point: Lego and Burberry.

article thumbnail

User Research With Small Business Owners: Best Practices and Considerations

Boxes and Arrows

Does it matter if your study participants are from B2B vs. B2C companies? This isn’t a bad thing. When socializing your findings to a product team, building empathy for the participants and their challenges is key. It’s therefore not unusual that small business research may occasionally graze the edges of competitive analysis.

Tips 65
article thumbnail

50 what-if questions to reimagine the future

Board of Innovation

What if you turned from B2C to B2B (or viceversa)? What if you were charged a fee for delivering a bad customer experience? The manufacturing industry is becoming increasingly capable of creating small batches (or even single units) of personalized products at very competitive prices. Users can contact businesses via Whatsapp.