’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?Continue reading Rethinking your industry logic: Cross Industry Business Model Innovation
Business Model Innovation opens up the opportunity to not only transform the value proposition, value architecture or revenue model of an organisation, it is a chance to rethink your human value systems and build businesses that customers love, employees’ value and investors are excited about. Often, particularly in turbulent times, cultural innovation is an imperative for management.Continue reading Value creation through values in Business Models
What is innovation?
Innovation is a strange beast. Most people say innovation is about new technology or bringing new things to the market. Some might think of better processes.
Schumpeter went further and defined it as “The introduction of new goods (…), new methods of production (…), the opening of new markets (…), the conquest of new sources of supply (…) and the carrying out of a new organization of any industry”. (Source: Innovation Zen)Continue reading Innovation is about being different
Framing the business model so it can be quickly but well understood by others is core. So, how do we do it? By Paul Hobcraft
You have come to end of a fairly long week. You have finally finished your Business Model Canvas. Finally you have a working hypothesis of something that is going to challenge some of the existing business models around. You should feel pleased; it took a lot of hard work to get to that point.
Laid out on one piece of paper is something that could have real business value yet although you can see where the dots connect, you begin to wonder if others will see the same compelling value, to invest in it, to back it, to simply support it and encourage you to continue.
Completing a business model and identifying its critical parts is only that first step, the hard part is getting it off the ‘drafting board’ and making it something tangible and potentially commercially viable for those around you to engage with.
What is the next step in executing this potential game changing business modelContinue reading Business Model Innovation and Story Telling: How to get the story right!
Ever since we have the Internet everything is abundant. So many information at your fingertip, billions of webpages, millions of articles on Wikipedia, millions of articles at Amazon and other hundred of thousands of specialized ecommerce shops with even more articles. But is more choice always better?Continue reading The abundance of choice. A call for a fresh value proposition: The need for the right choice.
Business Model Thinking is coming more and more mainstream. On Friday, I was at a workshop sponsored by the EU commission on Business Model Innovation and Policy Making. Here are my takeaways.Continue reading Business Model Innovation in the EU and beyond
Knowing where to start in designing a business model or simply just even trying to describe it to others can be difficult. You need to explain its value. The great advantage of explaining this through a business model canvas that looks for value constantly does help. This a guest post by Paul Hobcraft, an Agility Innovation Specialist.Continue reading Knowing the Value within your Business Model is vital
Most people want to be liked or even be loved. But a good value proposition for a firm should not attract everybody but only the ones you intend. And that means that a lot of people might even hate you.Continue reading You do not have to be loved by everybody – a great value proposition
This is an announcement for the subscribers to this blog. In less than two months Google will stop Google Reader. That’s bad but we can’t change it. Unfortunately, over 600 subscribers of this blog still use Google Readers according to our feedburner statistics. Continue reading It’s time to move
You might have realized that I have written just a few post in the last months. The reason is very simple. I have teamed up with Thomas Meyer, a young, unconventional bestseller author, Gottschalk & Ash, a design agency and Wolfsburg AG, an innovation agency to develop a toolbox for entrepreneurs.Continue reading A request for help