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Business & Innovation
Transcript of Business & Innovation
Fulfillment & Support
Information --> Knowledge --> Insight
Relationship dynamics & management
Overall objective of the strategy.
The set of assumptions, rules and strategy by which an organization identifies, creates, delivers and captures value.
Business Concept Innovation
Whether for profit or non-profit, any concept/idea/technology requires a framework for implementation.
Competitiveness in innovation-based economies is based on "business concept" as a unit of analysis.
Successful entrepreneurs and innovators identify needs and know how to successfully fulfill them.
Any business can improve its service, product offerings, and identify unique differentiating opportunities.
What company does and what is outsourced.
Changing boundaries can be a source of business concept innovation.
Vertical integration vs. de-verticalization.
How competencies, assets & processes are managed in support of a particular strategy.
Established Interfaces & communication channels.
Key people, stakeholders, key personnel.
Benefits are customer-derived needs & wants that are being satisfied.
Core need / Delivered value / Perceived Value / WoW- Factor / Unsatisfied & Unspoken Needs /
Customer feedback & engagement.
Based on Avoidance not Attack.
Key idea: What is not different is not strategic.
Non-confrontational instead go around competitors
Acquisitions & Consolidation
Proctor & Gamble
Strategy & Planning
Auction business model
Monopolistic business model
Bricks and clicks business model
Multi-level marketing business model
Collective business models
Network effects business model
Component business model
Online auction business model
Cutting out the middleman model
Online content business model
Direct sales model
Premium business model
Distribution business models,
Professional open-source model
Pyramid scheme business model
Razor and blades business model (bait and hook)
Low-cost carrier business model
Servitization of products business model
Loyalty business models
Subscription business model
A functional model that describes how the business manages the flow of information, value and finance to accomplish its mission.
A complete document that describes the What, Where, Who and How of the business concept.
Based on solid, anaylsis and justified assumptions.
Used to communicate the business concept and serves as a guide for the business as well as any entities involved in the development, financing and implementation of the business.
Description (The What?)
Market Analysis (Who & Where?)
Marketing & Sales Strategy
Management Team & Human Resources
Creative Problem Solving Model
Whole Brain Thinking
Sustainable & Complete Solutions
Web shifts bargaining power to consumers. Lowered search cost and availability of information.
Plummeting communication costs & globalization effects. Competitive anarchy & lowered barriers of entry.
Strategy life cycles & business models life cycles are shrinking. Being ahead of the game.
Focusing on efficiency & status quo leads to squandering vast amounts of human imagination, initiatives & stifles innovation.
Efficiency --> Six-sigma, Lean, etc…
Discipline & structure.
Imagination. Human Creativity
Maximize Human Potential
Open systems of collaboration.
Agility & adaptability.
Silos, IP, R&D
Strategy & Mgm’t
Web & UGC
Product as Service
Purpose & knowledge
Collaboration & Innovation C&I
Business concept innovation
UGF & UGB
Insights & Meaning
Can you imagine the
Definition: The sum of processes, people, resources and their configuration used to implement the Business Concept. It describes how the business concept is implemented.
Tolerance for ambiguity, uncertainty and risk.
Ability to deconstruct a business model & identify area ripe for innovation --> White Space.
Translating potential ideas into viable business models.
Change is variable!
Fast paced change leaves companies on the wrong side of the change curve.
Value webs & ecosystems (Open vs. Closed)
Digitization of everything not nailed down.
Information wants to be free --> pressure on IP and propriety knowledge.