Top 5+ disruptive change questions - How to disrupt your industry. Massive disruption is coming Massive disruption is coming, and the only question is whether your company is going to cause it or fall victim to it.
Disruption is not easy – either to create or to confront. There is a negative side to disruptive change, and it’s necessary to think and act in ways that reduce risk. But, equally, turbulent times bring huge opportunities as well: Who else could use our products? There are other ways to get to disruptive innovation, but these questions are a simple and great starting point. Disruptive change #1 – Dramatically reduce complexity The more complex the practices and processes in your industry, the greater the opportunity to gain competitive advantage by simplifying them. Disruptive change #2 – Cut prices by 80 percent or more Incremental change doesn’t disrupt an industry – radical change does.
You don’t cut prices by 80 percent through marginal improvements in existing products. What are the practices in your company that drive customers crazy. Mars Opens Up Innovation Process to the Crowd. Mars, the company behind brands like Snickers, Skittles, Uncle Ben’s, and more, recently unveiled its open innovation platform, InnovateWithMars.
The platform utilizes the Want, Find, Get, Manage (WFGM) model, which has become increasingly popular in the open innovation field. It starts with identifying Mars’ ‘wants’ and asking individuals to submit potential solutions for the challenges. Then, dedicated team members look through the solutions to find and bring the best ones for development at Mars. The final management stage involves developing and implementing the idea into the existing product lineup. To submit an idea, an individual must complete a relatively detailed application form, which begins with the terms and conditions every user has to agree to.
Innovation in Practice: The Five Senses of Innovation. Innovation in Practice: The Five Senses of Innovation. Creating Value Through Business Model Innovation. References (28) 1.
“Business 2010: Embracing the Challenge of Change,” white paper, Economist Intelligence Unit, New York, February 2005, p. 9. 2. G. Kill Your Business Model Before It Kills You - Ron Ashkenas. By Ron Ashkenas | 1:01 PM October 2, 2012 About a year ago the U.S.
To Master Change, First Dread It - Rosabeth Moss Kanter. By Rosabeth Moss Kanter | 1:07 PM August 5, 2009 One of my favorite truisms is that change is always a threat when done to me, but it is an opportunity when done by me.
Kill Your Business Model Before It Kills You - Ron Ashkenas. By Ron Ashkenas | 1:01 PM October 2, 2012 About a year ago the U.S.
Postal Service ran an ad campaign warning about the dangers of email and proposed paper-mail as a safer and more reliable alternative. Business Model Canvas, Iteration, and Marshmallows by. I have a love hate relationship with Alexander Osterwalder’s Business Model Canvas.
Steve Blank uses it brilliantly in his Lean Launchpad class, I’ve had less success using it in my own curriculum. Part of this is the format of the canvas itself. There are some small things about the canvas that irk me from a user experience perspective, like the fact the canvas starts (left to right) with Key Partners, but I’ll get into that in another post. tl;dr Skip to the end and start iterating! Teaching the Business Model Canvas The other part of my general annoyance has more to do with the structure of courses where it’s taught. The one month program I designed for TechBA was condensed we could only spend a couple days devoted to the Business Model Canvas. Lean & Canvas - My Blog. During the space race back in the 1960's, NASA was faced with a major problem.
The astronaut needed a pen that would write in zero gravity, so NASA sponsored a $1.5M project and the 'space-pen' was successfully implemented. The Space Pen (also known as the Zero Gravity Pen), is a pen that uses pressurised ink crtridges and is claimed to write in zero gravity. The Russians were faced with the same dilemna, however they used a pencil! So, Kaizen has its etymology routed in the Japanese culture and simply means continuous improvement. Interviews with Innovation Authors: Business Model: Blueprint for Success. Which solution method fits your innovation model?
[LEARN MORE] IdeaConnection Interview with Alexander Osterwalder, Co-author of Business Model Generation "We believe a business model can best be described through nine basic building blocks that show the logic of how a company intends to make money. The nine blocks cover the four main areas of a business: customers, offer, infrastructure, and financial viability. Apple Business Model Score: 10 out of 10 « TechConnections – Connecting the Dots. In my last post ‘The Apple Growth Story – Lessons for Tech Companies’, I talked about Apple’s phenomenal growth over the last several years and the 5 lessons that Technology companies should take from Apple.
Yesterday, Apple crossed yet another milestone. It became the World’s most valuable company, with its Market cap overtaking that of Exxon Mobile. Apple and Exxon Mobile are the only 2 companies in this world with Market Cap of more than $300 Billion. On 10 August 2011, Apple had Market cap of $337 Billion and Exxon Mobile had Market cap of $331 Billion. Exxon had held the Number 1 spot since 2005. For a while now, even before Apple gained the Number 1 spot on Market valuation, people had been talking whether Apple can achieve $1 Trillion Market cap. Business Model Alchemist. Kickstarter. The Innovator’s Paradox. Reinventing Your Business Model.
Business Model Validation Software - Lean Startup Canvas. Creating Value Through Business Model Innovation. Steve Blank Podcast – Clearshore. ECorner. Ninja skills for business model innovation: Lean, agile & data driven. Companies that want to unlock the value of data by competing on information face the challenge of reinventing their business model around a data driven value proposition. Like a startup, they have to develop a new sustainable and scalable business model. Traditional product and business development practices based on large upfront investments in research and product design and endless development tracks simply will not do.
The traditional “waterfall” methodology followed in most large IT projects does not work in today’s highly complex and uncertain business environment. The risks and costs associated with first developing the complete product before testing and releasing it are too high. Moreover, since most data products are web based services instead of physical products, the tools and infrastructures are available today to follow a more iterative and agile development process. 1. Source: Nolan, Norton & Co. 2012; adopted from Business Model Generation, Osterwalder & Pigneur 2010. A propos « Business Model Fab. L’agence Business Model Fab a été fondée en 2010. Les activités et services de l’agence ont été repris en avril 2012 par M.
Arbache, qui exerce en tant que consultant indépendant. Business Model Generation - Book.