There’s a myth that breakthrough tech is solely responsible for transformative growth. We believe that’s incorrect. The focus on constructing a strong, defensible business model is what always outlasts the changing nature of tech.
“Adding digital capability to a product or to an entire business may improve it and make it more profitable, but technology alone is not enough to propel the kind of sustained growth that can transform your whole enterprise. The business model that goes with that technology is absolutely key to its success or failure.
This was true when Amazon sold its first book online in 1995, when Netflix shipped its first DVD in 1998, and when Apple launched its revolutionary iPod in 2001. It was true in 2011, when Uber dispatched its first car, and it is even more true today.
But it is still not widely understood.”
Follow this link to the PDF download!
If the upper link is not working try this direct link to the PDF.
Which company will become the first trillion dollar enterprise? The most defensible business model will determine which company is the victor:
“An arbitrary race that many have been following on Wall Street is, which company will be the first to reach a trillion dollar market capitalization? Currently, there are four legitimate contenders: Apple, Amazon, Alphabet, and Microsoft. However, the race to a trillion dollars ends up hiding a much more interesting development that has been unfolding on Wall Street.”
Keep reading the full blog here.
“In order to drive lasting and sustainable change, you need to be curious about the people you’re working with and explore their perspectives. This helps you to collaborate with all parts of the organisation no matter what their attitude to change may be. Finally, you’ve got to be lean, delivering quick wins that you can build together to win hearts and minds.”
Very nice read (by JAMES GADSBY PEET) and video (Lucia Adams) – follow this link to reach both.
“Innovation is management. For those of us that want to create a lasting innovation culture in our companies, understanding this principle is vital to success. There may be plenty of myth making around innovation these days, but innovation is not about working on random ideas to see what sticks. Companies need to develop a clear point of view about where the world is going and the key trends that could impact their business. They then need to develop a clear innovation strategy that informs the types of new ideas they will invest in for the future. (…)
Six principles to follow:
* The Startup As A Method
* Searching Versus Executing
* Business Models Matter
* Right Thing, Right Time
* Right Question, Right Time
* Evidence Based Decisions
Read the full article from Tendayi Viki here on Forbes.
Some days ago Harvard Business Review has published a video on the impact and importance of Lean-Up. New ventures are searching for a business model, not executing one. Download a customizable version of this video slide deck here (login/registration required). For more, read “Why the Lean Start-Up Changes Everything.” It’s a well spent “less than 10 minutes” – Follow this link to the watch video.
“Corporate leaders often talk about creating a ‘culture of innovation’ within their companies. Most of what is considered ‘innovation culture’ is ‘innovation theatre.’ […] They have all the great innovation tools in their business, but no innovation. Three changes needed -> keep reading here.”
Establishing the metrics that define success, creating “islands of freedom” with appropriate and scalable liability constraints, and convincing senior leadership to adopt this new approach each involve difficult negotiations that require professional and full-time attention.
The fundamental questions are: For any experiment that succeeds, how will it find a home in the organization? Will it be absorbed by an existing division or become an entirely new division? How is that decided? Whose decision is it? Keep on reading here!
During recent chats I had within a very inspiring environment and subsequently looking for a nice “One Pager” talking about Corporate Innovation Ecosystem I found this:
Well, it is one view on this to look at it – and I tend to say it is a really good view. Take it as a start … chat about it, take it as discussion ‘stimulation’, make it fit for you – and enjoy it.
So, print it and put it to your office walls … and do not miss to visit the originator’s website!