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Business Model Canvas Is Replacing Traditional Business Plans

Business Model Canvas Is Replacing Traditional Business Plans

By • on March 3, 2015

The PR Newswere website noted that the Business Model Canvas is rapidly being adopted worldwide. In a study conducted jointly by Strategyzer and Business Models Inc., the main reason identified for the adoption of the Business Model Canvas is that it provides a common language for strategy and innovation, thus optimizing strategic discussions and ideas.

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Savvy Firms Go Unstable by Choice

Savvy Firms Go Unstable by Choice

By • on February 24, 2015

The EnterpriseINNOVATION website reported that Gardner predicts that, by 2017, 70% of successful digital business models will rely on deliberately unstable processes designed to shift with customers’ needs. Business and IT leaders must be ready and willing to innovate rapidly from a business model,

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Reducing Barriers to Open Innovation

Reducing Barriers to Open Innovation

By • on February 4, 2015

The BDaily website noted that the twenty-first century model of innovation is ‘open innovation’ which is based upon an environment in which there is an abundance of knowledge from which to draw. The basic principles of this approach include:  working with smart people both inside and outside the

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Business Models That Put Evolution Before Revolution

Business Models That Put Evolution Before Revolution

By • on January 30, 2015

The Harvard Business Review noted that business model innovation is hard. But managers make it harder when they think about it only as radical industry reinvention. While revolutionary business model changes can be valuable, you don’t necessarily need to transform your industry. You don’t need

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Open Innovation Basic Ingredient of Chez Panisse’s Success

Open Innovation Basic Ingredient of Chez Panisse’s Success

By • on January 15, 2015

The NewsWise website reported that the groundbreaking restaurant Chez Panisse’s strategic use of branding its suppliers’ names on the menu is a prime example of the “open innovation” business model at work. A case study, “Chez Panisse: Building an Open Innovation Ecosystem,”  found

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Seminar: Open Innovation and Corporate Entrepreneurship

Seminar: Open Innovation and Corporate Entrepreneurship

By • on November 20, 2014

The ABIS Global site announced that an Open Innovation and Corporate Entrepreneurship Seminar will be held at the ESADE Business School, Barcelona, Spain on May 18, 2015. Henry Chesbrough, Ken Morse and Wim Vanhaverbeke, the three renowned experts who have been helping companies find the right paths

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The Danger in Missing the Innovation Moment

The Danger in Missing the Innovation Moment

By • on September 13, 2014

The Business Education website reported that products and companies do not differentiate winners from losers; it is the right business models that do. Of the Boston Consulting Group’s 25 most innovative companies in 2013, 14 are business model innovators. Business model innovation is more profitable

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Executing Lean Growth Strategies

Executing Lean Growth Strategies

By • on September 2, 2014

The Business and Leadership website noted that lean thinking, customer development frameworks and business model innovation are transforming how new products are built and how growth strategies are developed. These frameworks help organizations design products that customers need and help reinvent their

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Dialing Up the Volume on Strategic Innovation

Dialing Up the Volume on Strategic Innovation

By • on June 8, 2014

The Bloomberg website noted that as generations-old business models are upended by innovations in retail, financial services, bookselling, and a host of other industries, companies must continually adjust their strategic positioning to edge out rivals. But senior executives often find it difficult

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Disrupting Your Business Model

Disrupting Your Business Model

By • on April 15, 2014

The RTOHQ website notes that in general there are three options for a disruptive and visionary game changer: First, develop your own disruptive business model. Second option, you develop further the existing business model in the current industry or in adjacent industries and categories. Third option,

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