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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. But what is the “secret sauce” of winning athletes and companies? His continuous improvements were mainly creative re-combinations of previously existing concepts far away from cycling sport.

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Innovation Management in 2023: Culture & Talent

Innov8rs

During our recent The Innovator’s Handbook 2023 launch event, Apoorva Shah (Vice President of Innovation at Wiley) and Cassandra Galloway (Head of Strategic Workforce Transformation at Zurich Insurance) dove into the crucial topic of innovation culture, as summarized below. What's needed to build high-performing innovation teams?

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Are you a Positive Role Model for Innovation?

IdeaScale

Innovation cannot be fully delegated to others—it will only be considered an important effort in a team or company when the leader is actively engaged. If the leader is passionate and excited about the company’s vision and the projects being pitched, others will catch the enthusiasm as well. As an innovation leader, you might.

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3 Types of Business Transformation for Surviving Rapid Change

Planview

Although business transformation is complex, its impact isn’t: Research from McKinsey clearly shows that the more transformation actions a company takes, the greater its chances for success financially, culturally, and organizationally. That agility helps companies react quickly to stay ahead of the competition. Cultural Change.

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Creating Innovation Connections as the Customer Advocate

IdeaScale

These insights can become the inspiration sparks of your group’s creative thinking. Six years ago, when Amazon sold primarily print books, company research showed that customers liked e-books—a new product that threatened Amazon’s core business. Begin with the End . Set the expectation that creating customer value is everyone’s job.

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Culture Creator = Sustainable Innovation

IdeaScale

As products, technologies, business models become commodities over time, your corporate culture can become the source of reinvention and your only enduring competitive advantage. Getting to a place where courage, creativity, and collaboration is the norm for addressing problems or pursuing opportunities can be difficult.

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Be the Architect: Designing an Integrated Innovation System

IdeaScale

Shared and easy-to-use innovation practices and tools can enable everyone in a company to work together to develop ideas that deliver compelling customer value. Other times, by limiting responsibility for innovation for a specific department, organizations underutilize the creative capabilities of other employees.

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