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BUSINESS MODEL INNOVATION
Business model innovation (BMI) refers to the creation or reinvention of a business. Though innovation is more often seen in the form of a new product or service offering, a business model innovation results in an entirely different type of company that competes not only on the value proposition of its offerings, but aligns its profit formula, resources, and processes to enhance that value proposition, capture new market segments, and alienate competitors. This topic covers the latest news on business model innovation.
Business Model Innovation is part of Business Exchange, suggested by
Courtney Bolton.
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If your product or service helps customers/clients win, you win.
There is no question that business priorities are shifting. In its 2012 CEO Challenge report, The Conference Board...
Adobe's Chief Strategist, Mark Randall, created the “Table of Strategic Elements” to let him analyze existing...
Non-consumers represent the best opportunity for innovation.
Ideas breed other ideas. Insights beget more insights. This is how innovation begins.
The pull of old ideas is like oxygen, we don't even know its there. Every idea, like packaged food, has an expiration...
Include employees in the decision-making process, treat them as valued resources and they can be the staunchest...
Innovation opportunity: a workaround is a compensating behavior people create to make up for the limitations for the...
In the last 3 months, Apple has brought in 4 times as much profit while spending 3 times less on operations.
Real-time strategy is the norm. Your ability to find insights, and turn them into action faster and more effectively is...
A brilliant mistake is one that leads to a "Happy Accident". If you want to be Brilliantly Wrong, the...
Instead of educating people to become experts, we should educate people on the art of reinvention. The ability to...
Jonah Lehrer's article, "GroupThink" in The New Yorker, January 30, 2012 states that brainstorming seems like...
What happens inside our minds that limit our capacity to think differently?
If you want customers talking about you, over-deliver. Period.
Here are 4 ways the Miami Heat have innovated the way they play offensively.
If you aren't interested in the world around you, you’ll never even begin to understand how to fix it (or just make it...
Diversity in the workplace helps drive innovation success because different types of people notice different things and...
If you're an innovator, or want to be one, you have to be bored with the status-quo. The solution: Disassemble and...
A good sign that you're innovating is when employees don't ask for permission to do so.
An overview on the Deezer Business model few days before international launch. Feel free to comment and share.
Do you have a deep understanding of your customers needs? Do you innovate to make more money or to delight your...
How Google Chrome outmaneuvered Firefox and IE to become the 2nd most popular browser by innovating on speed.
Top Sources: Business Model Innovation
- Innovation Economics
- business-strategy-innovation.com
- The Business Model Database (tbmdb.com) - A blog about business models
- game-changer.net
- Blogging Innovation
- innovationlabs.com
- nearsoft.com
- sniukas.com
- offthegrid-pr.com
- MediaPost | Online Media News
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