The Pitfalls of Short-Term Thinking in Agile Project Management: Aligning Projects with Long-Term Business Models

The Pitfalls of Short-Term Thinking in Agile Project Management: Aligning Projects with Long-Term Business Models

In a current strategy project, the firm follows a Scrum framework for project management. However, I have noticed a concerning trend regarding the product owner’s approach. The product owner solely focuses on tasks that align with the web analytics data, prioritizing only what people are currently searching for. Unfortunately, this short-term mindset jeopardizes the long-term strategy. By neglecting the broader…

It’s the business model, stupid! A wake-up call for incumbents like Daimler
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It’s the business model, stupid! A wake-up call for incumbents like Daimler

News is full of cool technologies like drones, blockchains or autonomous cars and their disruptive character. Traditional firms have switched to innovation mode and have now cool digital transformation units to use these new technologies. Everybody is happy. Great, isn’t it?Or wait? Can this really work that easy? I just had a project with a company that has set up an innovation unit to push…

Who is in charge of business model innovation?

Who is in charge of business model innovation?

In recent posts, I looked at the right boxes to think in and the process to develop an innovative business model, it is now time to look at the people who are suppose to innovate the business model in large corporations. This seems to be a simple question and in large corporation there should be a person in charge and…

Book on Business Model Innovation
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Book on Business Model Innovation

Normally, we do not use the blog for announcements, however we have two good news that we want to share with you. First, a workbook for startups was just released and second, we have teamed up with Orange Hills to form fluidminds Australia. New Book on “Starting with the Right Business Model” The book “Das Richtige gründen: Werkzeugkasten für Unternehmer” or “Starting…

The missing part for business model innovation: The process
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The missing part for business model innovation: The process

Recently, I had an intensive discussion with David Siegel who just moved to Zurich. His big idea is business agility and he is so right since the missing part in business model innovation is the process moving from your current business model to a better future. He calls it business agility. We at fluidminds use Rethinking business and Entrepreneurial Design…

Rethinking your industry logic: Cross Industry Business Model Innovation
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Rethinking your industry logic: Cross Industry Business Model Innovation

’Our industry is unique and should not be compared with other industries!’ This is a common phrase I have heard countless times throughout my consulting career. But is it true? Strangely enough the most successful companies become prosperous not by excluding comparisons, but by leveraging other industries success factors and applying them in a new context. Many other companies that innovated…