I often have people ask me what they should do with a great idea they have for a business. Here is a list of questions to work through, and resources to help you.
About 20% of firms based their pricing on real data from their customers. This is mind-boggling – and it present a huge opportunity. Business model innovation is challenging, but that’s why it provides such a great opportunity.
As outlined in my previous post, sustainable innovation requires evolution and revolution. Over the long term, organizations need to be capable of both moving along existing growth trajectories and creating new ones when the old business matures or stalls. This can be depicted as recurring movement along innovation s-curves. In the case of a new […]
One of the exciting trends in innovation right now is the lean startup idea. The basic premise is that when ventures are starting out, building a scalable business model needs to be a top priority. People like Steve Blank, Eric Reis, Ash Maurya and Alex Osterwalder are all doing great work in this area. I’m […]