The way I see it, there are three primary ways to make money in business models that are built around information-based assets – aggregating, filtering and connecting. Previously, I have discussed aggregating and filtering in some detail – now it’s time to think about connecting. In a recent post on the Harvard Business Review Editors’ […]
I’m absolutely delighted that Elinor Ostrom has been selected to receive this year’s Nobel in Economics (along with Oliver Williamson). I started reading her work regularly a couple of years ago now, and I am working to pattern my research stream on Innovation Systems after her work on the governance of the commons. Ostrom is […]
I was talking to one of my MBA students today about innovation the public sector. He was having problems figuring out how a government department could be innovative. How about this? How about this? You can innovate anywhere – but you have to want to do it. Even in situations where you face financial constraints, […]
Here’s a very good talk from John Temple – the former editor of the Rocky Mountain News, discussing how the paper went out of business: Lessons from the Rocky Mountain News – Presentation at the UC Berkeley Media Technology Summit at Googleplex in Silicon Valley from John Temple on Vimeo. (there’s a transcript of the […]
Here’s a video from Bob Garfield discussing the main ideas in his book The Chaos Scenario: The Chaos Scenario from Greg Stielstra on Vimeo. He has a lot of stats and a lot of stories that make the point about how all of the media business models have been breaking down recently. His recommendation is […]
John & I are both working on other posts at the moment, but in the meantime, this is hilarious: Charles Babbage & Ada Lovelace use the Difference Engine to solve the Global Financial crisis! It’s a webcomic by Sydney Padua, and it’s fantastic. Padua touches on a lot of issues that I regularly talk about […]
With all this recent talk of business models, it is probably useful to clarify what I mean by it – business model is yet another phrase that ends up meaning different things to everyone. I use the Henry Chesbrough definition, which splits the business model into six key issues (the summary is from quickmba.com): Value […]