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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.
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The landscape has changed in the 10 years since The Innovator's Dilemma, but it's still the seminal work on disruption.
Posted on Harvard Business Review: January 21, 2010 3:30 PM Quick: Describe your company's business model.
Top Sources: Business Model Innovation
- BusinessWeek
- smallscalebusiness.com
- theneteconomy.wordpress.com
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