Most “new” business models are not really “new”. Very frequently they are based on replications or re-combinations of existing business model patterns. Consequently, learning from business models from other companies and industries is a very important source of inspiration for business model innovation.
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Tags: Strategic management
, business models
Purpose – This paper’s purpose is to create a practical system for assessing the need for developmental opportunities for management development while functioning on the job and to assist managers in selecting from those opportunities. This includes assessment strategies, discussion of developmental patterns, and potential gains in organizational commitment and managerial performance. Read more
, developmental opportunities
The transition from offline to online business models is a strategic challenge for many companies. How do you design a digital revenue model and how to set your price in this new world? Unfortunately there are no easy answers but we can make the quest easier. On a regular basis we aggregate parts of the research we gather for our innovation consulting projects. For this occasion we’ve looked at the average fees that digital platforms are claiming. Is the 2.9% fee paypal asks reasonable? Apple might take a 30% cut on every sale on iTunes but in the domain of photography this is a relative low commission. There we see 50%-80% rakes. Stunning numbers indicating that this domain is open for disruption, but more on that later.
Enjoy this benchmark and feel free to share your ideas in the comments!
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In this article, we propose an integrated view of the mechanisms supporting the Schumpeterian “engine of progress.” We investigate—at the industry level—the interconnections between three key relationships shaping the dynamics of innovation and economic performance: first, the ability of industries’ R&D efforts to turn out successful innovations; second, the ability of innovations to lead to high entrepreneurial profits; and third, the commitment of industries to invest profits in further technological efforts. Read more
, industries R&D
The smartest minds in social innovation are increasingly committed to engaging with the private sector to make significant changes in areas like health, education, and poverty. As Steve Davis, former lead in McKinsey’s Social Innovation practice and president of the global health NGO, Path, has said: “The best social innovations are not necessarily widely adopted. The ‘iPods’ of poverty alleviation and literacy have likely been invented and put to use by small organizations in some corner of the globe, but there is no market for identifying these breakthrough ideas and ensuring widespread adoption.” Read more
, social innovation
The next 20 years could see the world’s energy needs being filled by wind power, was announced by Stanford University. Read more
, Wind power