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

What do we expect from Innovation? Mostly disappointment

Paul Hobcraft

The survey exposes the myth that innovation is not one of the three top challenges, innovation ranks fifth as it follows the more conventional concerns of managing talent as the top (and that did surprise me) and regulatory and competitive threats. Innovation is full of rhetoric and hot air.

Report 212
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 Case for Dual Innovation

Tim Kastelle

And it looks like I have a point here… After being discounted by many innovation practitioners in my sphere for some time, the concept of organizational ambidexterity is now finally gaining traction with rising speed. More than 70 percent have a different organizational entity for managing radical innovation. (…).

article thumbnail

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. It wasn’t the tech startups alone that brought them down. At the heart of it all was a lack of attention to how customers’ lives had changed into a faster, more tech-savvy world.

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.

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.

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