Business model innovation (BMI), which introduces significantly new ways of doing or structuring business activities, can disrupt an industry and threaten incumbents whose success is built on the currently dominant business model. However, the assimilation of an innovative upstart’s novel business model is fraught with uncertainty for incumbents, who must ask themselves whether the new […]
Read More… from Business Model Innovation and the Influence of Peer Firms
The appearance of a new competitor with a new business model can disrupt an industry and knock down a once dominant incumbent. A classic example of this type of disruptive competitor is Netflix, which entered the movie rental industry with a brand new business model (first DVDs through the mail, later streaming videos), and put […]
Read More… from How to Fight Off an Upstart with a New Business Model
The traditional wisdom declares that companies that have their sights on export markets must first become innovators in their domestic markets. Innovation will give them the competitive advantage required to succeed in export markets. Another theory, however, argues for a relationship in the other direction. In other words, in addition to innovation leading to exporting, […]
Read More… from Innovation is Key to Exporting Success for SMEs
Innovation is expected to come from the producer of the product. That’s the reason manufacturers have R&D departments. But more and more innovation is emerging not just from the producers but also from users and end-users. For example, many users develop modifications to video games or software that changes the product they originally bought. The […]
Read More… from Turn Your End-User Innovators Into R&D Partners
A company’s business model is the ultimate measure by which it is judged, as it expresses the underlying logic of its business. Most importantly, it explains how it creates and captures value—something The Economist describes as a company’s raison d'être. So how do you ensure something so important remains secure from competition? One way is […]
Read More… from IP Management Strategies for Profiting from Business Model Innovation
In this White Paper, the author looks at how organizations can free up necessary resources to pursue their overall business strategies. Identifying the ‘waste’ and ‘complexity’ in a company can free up people and space needed to do so, calling this process becoming ‘Lean.’ As we Lean the business, says the author, enthusiasm is generated, […]
The industrial age bought with it bureaucratic principles of work organization. Things we now consider commonplace were considered major innovations, such as employing staff in an official capacity, building hierarchies of authority and task-specialized division of labour. This model served well during that time, but now we are on the midst of an information ‘revolution’; […]
Read More… from Organizational Capabilities Fit for the Future
For as long as capitalism has existed, there have been pirate organizations that have refused to play by the rules and standards set by the state and the ‘legitimate’ business world. Traditionally, these pirates have been viewed as rogues and cheaters who deserve the same fate — or at least its economic equivalent — as […]
Though product/process innovation has become a necessity for many companies, the time and expenses required is now leading hesitant companies to turn towards business model innovation instead. So what do executives need to know about it? Business model innovation matters to managers, entrepreneurs and academic researchers for several reasons. First, it represents an often underutilized […]
