Where Does Innovation Fit in Your Business Model?

If you are using a tool like the Business Model Canvas, where does innovation fit? The answer depends on your strategy. I use The Innovation Matrix to outline several different strategies, and how the business models for these will be different.

The Attacker’s Dilemma

The Bing It One challenge would have been a great tool in 1998. Unfortunately, now that Google dominates search, an improved algorithm isn’t enough to get people to switch. This is the Attacker’s Dilemma: unless you bring a major performance improvement, there is no point in directly attacking a strong incumbent in their area of strength.

Are You Ready for the #SocialEra?

What are the implications of the new ways that technology allows people to connect and interact? Nilofer Merchant explores this in her book 11 Rules for Creating Value in the #SocialEra – it’s a good book with some important lessons.

The Problem With Google

How can you learn what you need to know to become an expert? It requires deep knowledge of a field, but it also requires broad knowledge of related fields. Our current technologies support deep, but not broad. We need to figure out a way to find t-shaped knowledge.

What is Innovation?

People often think it’s weird when they hear that I study innovation – even people in very innovative jobs.  The biggest reason for this is mistaking invention for innovation.  If you do this, then studying innovation makes no sense at all – what can you learn about the flash of insight, the stroke of genius, […]

Why Lean Startups Turn Into Innovative Firms

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 Ries, Ash Maurya and Alex Osterwalder are all doing great work in this area. I’m […]