How can established organizations innovate their business model? That is the question that I’ve been putting a lot of thought into recently. Two ideas collided this week that gave me some insight into the question. First, in the comments on my post about different business models leading to different outcomes, Greg Satell said: A business […]
How can you tell when there is an opportunity for business model innovation? Recent events in higher education might give us a good indication. There are a few issues in university education these days. The main one is that education is information based, and over the past 20 years we have seen nearly every single […]
What is the most common mistake that I see when people try to implement management tools or frameworks? By far the most common is mistaking using the tool for getting the outcome you are looking for. I have been doing some consulting work recently where we are using the Business Model Canvas to develop a […]
Yesterday I looked at Eight Models of Business Models and Why They’re Important. However, in writing about how different people conceive of business models, I didn’t have enough space to address the really critical issue with them: What can you actually do with a business model? Once you’ve defined your business model, here are three […]
The term Business Model is one that gets thrown around a lot these days. Even though it might sound like a buzzword to you, it’s important to understand what a business model is, and how they are useful. One of the confusing things about the business model concept is that there are a wide variety […]
What’s the best way to use business model analysis in larger organisations? Steve Blank has done some outstanding work looking at how Alex Osterwalder’s Business Model Canvas can be used in entrepreneurial startups (see also this post and the ones that follow it). But there are still some questions about how to best use the […]
How do business models get killed? It’s an interesting question. I was talking about business models with Jason Potts last week and he said “maybe the definition of a mature industry is one where the business model has stopped evolving.” This suggests that it’s not technological innovation that changes industries, but rather business model innovation. […]
What do you think of when you think of Swiss Watches? You probably think of high-end brands, that have been making well-crafted watches for many years. Brands like Rolex, or Patek Philippe, or George Clooney and his Omega: Or maybe you think of innovations, like the perpetual calendar, or 24 hour timezone watch, or the […]
I’ve always thought that the BBC show The Property Ladder provided the perfect illustration of how bubbles worked. The show ran from 2002-2006 and it was hosted by Sarah Beeny. The show profiled aspiring property developers who bought properties, renovated them, then tried to sell them for a profit. If you’ve never seen it, this […]
