Remove Disruption Remove Groups Remove Radical Innovation Remove Technical Review
article thumbnail

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

The BMI Lab Blog

WHO – Every business model serves a certain customer group (Chesbrough and Rosenbloom 2002; Hamel 2000). 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. Magretta 2002).

article thumbnail

The New Innovation Need: Organizing within a Networks of Collaborators

Paul Hobcraft

We need to transform, be disrupted or certainly re-imagine and this is where knowing your ecosystem comes in. Our existing organization needs to envisage a changing world full of disruption that calls for radical change. Technology offers them the transforming means but can they, as leaders, take their people with them?

Insiders

Sign Up for our Newsletter

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

article thumbnail

The New Innovation Need: Organizing within a Networks of Collaborators

Paul Hobcraft

We need to transform, be disrupted or certainly re-imagine and this is where knowing your ecosystem comes in. Our existing organization needs to envisage a changing world full of disruption that calls for radical change. Technology offers them the transforming means but can they, as leaders, take their people with them?

article thumbnail

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.

article thumbnail

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.

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

What is innovation management and why your organization needs it

hackerearth

Once a well-defined innovation strategy that aligns with business goals is in place, the next step will entail managing it effectively. Like any business function, innovation can be managed. Innovation Management is about more than just planning new products, services, brand extensions, or technology inventions.