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

The BMI Lab Blog

In 1994 Peter Drucker defined business models as “stories that explain how enterprises work” and answer the age-old questions of Peter Drucker’s Theory of Business – “Who is the customer? Business Models in the context of Innovation A common way to differentiate innovations is the categorization according to two generic characteristics: 1.

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Creative Construction – Book review

The Inovo Group

Every now and then a book on innovation is published that deserves to be put on the innovator’s bookshelf along with other seminal writings about innovation. Disruptive Innovation – Requires a new business model but not a technological breakthrough. This book presents a refutation of this belief.

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Innovation cannot expand without the 4th Industrial Revolution

Paul Hobcraft

To do this, technology adoption and diffusion across the ecosystem needs to improve dramatically. There also continues today that industry disruption is increasing, by those spotting both opportunity and weakness in present market players. Innovation is one powerful catalyst ripe for leveraging in this 4th Industrial Revolution.

Industry 213
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Digital Transformation Combines Customer Experience and Operational Efficiency

Integrative Innovation

Woerner surveyed several hundred enterprises, examining both the capabilities needed for digital business transformation and the impacts on performance. Becoming ‘future-ready’ requires changing the enterprise on two dimensions – customer experience and operational efficiency.

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Key Issues in Innovation Management – Revisited – Part 1

Tim Kastelle

Reinvention through business model innovation. Accelerating dynamics and pace of disruption in most industries, in particular triggered by the perfusion of new technologies, lead to decreasing life times of existing business models. Platform business models tend to affect, oftentimes disrupt, multiple industries over time.

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PLAYING IT SAFE IS THE MOST DANGEROUS THING YOU CAN DO

Innovation 360 Group

Companies disappear all the time without a word, due to changing cultural values, changing technology, or changing audience demographics. When disruption came for the taxi industry, the music industry, the retail industry, and others, there were usually four flashing lights that just about anyone could see.

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Developing a new framework for risk and innovation.

Paul Hobcraft

Interestingly, the pace of innovation stands among the top three risks in 2015 and tops along with regulatory risk, the list foreseen in 2018. With technology disruption, business model disruption and growing competition, social and customer engagement challenges the ability to manage innovation is growing as a concern and in risk management.