Business model innovation
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This document discusses various topics related to innovation, entrepreneurship, and venture creation including: - The history of electric and hybrid vehicles. - An overview of open innovation and challenges associated with open innovation approaches. - Different patterns of open innovation participation and governance models. - The importance of protecting investments through product complexity, standards, and pioneering approaches. - Business model innovation and the four main pillars of a business model: customer front, infrastructure, financial side, and value proposition.
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Business model innovation
- 1. INNOVATION, ENTREPRENEURSHIP, AND VENTURE CREATION Mohammad Obaidat IPARK Jordan 2017
- 2. WHEN WAS THE FIRST HYBRID VEHICLE INTRODUCED? 1890 lohner-porsche mixte hybrid (Gas and electric) was presented at Paris Exposition
- 4. INNOVATION TIMELINE 60s 70s 80s 90s 00s
- 8. WHY OPEN INNOVATION? No matter who you are, most of the smart people work for someone else Bill Joy (co-founder of Sun)
- 11. IT PAYS BACK TO SHARE IDEAS!
- 12. P&G Doubled success rates in Innovation. 19% increase in sales 25% return on earnings 24% shareholders return From 10% to 50% increase in external innovation 6% growth rate
- 13. P&G 10 million devices – huge ecosystem $10 billion revenues
- 15. OPEN INNOVATION PATTERNS Innovation Mall Innovation Community Elite Circle Consortium Open Closed PARTICIPATION Hierarchical Flat GOVERNANCE Verganti 2009 Collaborative Innovation: A new scenario for PLM. PLM 2009 (Bath)
- 16. CHALLENGES FOR OPEN INNOVATION Danger of losing core competence Managing IP Managing lots of small relationships Selection of technologies/ideas
- 17. PROTECTING YOUR INVESTMENTS Product complexity Hard to replicate an aeroplane Standards Not always winner takes all A smaller part of a larger pie Pioneering For rapidly changing industries eg FMCG Or for network industries eg GSM
- 19. 8/13/2018 MOHAMMAD OBAIDAT - 2013 19
- 20. CUSTOMER FRONT What are you offering the people and who are they: • How are you marketing the business • Sales • Delivery 8/13/2018 MOHAMMAD OBAIDAT - 2013 20
- 21. INFRASTRU CTURE This side presents what is happening behind the scenes, all the business activities are happening 8/13/2018 MOHAMMAD OBAIDAT - 2013 21
- 22. THE FINANCIAL SIDE oHow are you generating revenues oWhat are your costs oHow can you reduce the costs oHow can you make more revenue streams 8/13/2018 MOHAMMAD OBAIDAT - 2013 22
- 23. 8/13/2018 MOHAMMAD OBAIDAT - 2013 23 This only a canvas! No Magic is here!!
- 24. 8/13/2018 MOHAMMAD OBAIDAT - 2013 24 Offer Driven Innovatio n Customer Driven Innovatio n Resource Driven Innovatio n Finance Driven Innovatio n
- 25. 8/13/2018 MOHAMMAD OBAIDAT - 2013 25 Offer Driven Innovatio n Customer Driven Innovatio n Resource Driven Innovatio n Finance Driven Innovatio n
- 29. 8/13/2018 MOHAMMAD OBAIDAT - 2013 29 VP Disruptio n Offer Driven Innovation Design Driven Innovation
- 30. 8/13/2018 MOHAMMAD OBAIDAT - 2013 30 VP Disruptio n Offer Driven Innovation Design Driven Innovation
- 31. 8/13/2018 MOHAMMAD OBAIDAT - 2013 31 VP Disruptio n Offer Driven Innovation Performance Sustainability Product System Customizatio n
- 32. 8/13/2018 MOHAMMAD OBAIDAT - 2013 32 VP Disruptio n Offer Driven Innovation Performance Sustainability Product System Customizatio n
- 33. 8/13/2018 MOHAMMAD OBAIDAT - 2013 33 VP Disruptio n Offer Driven Innovation Performance Sustainability Product System Customizatio n
- 34. 8/13/2018 MOHAMMAD OBAIDAT - 2013 34 VP Disruptio n Offer Driven Innovation Performance Sustainability Product System Customizatio n
- 35. 8/13/2018 MOHAMMAD OBAIDAT - 2013 35 VP Disruptio n Offer Driven Innovation Performance Sustainability Product System Customizatio n
- 36. 8/13/2018 MOHAMMAD OBAIDAT - 2013 36 VP Disruptio n Offer Driven Innovation Performance Sustainability Product System Customizatio n RolceRoyceWhat if?
- 37. 8/13/2018 MOHAMMAD OBAIDAT - 2013 37 VP Disruptio n Offer Driven Innovation Performance Sustainability Product System Customizatio n
- 38. 8/13/2018 MOHAMMAD OBAIDAT - 2013 38 VP Disruptio n Offer Driven Innovation Design Driven Innovation
- 39. 8/13/2018 MOHAMMAD OBAIDAT - 2013 39 VP Disruptio n Design Driven Innovation Looks Experience
- 40. 8/13/2018 MOHAMMAD OBAIDAT - 2013 40 VP Disruptio n Design Driven Innovation Looks Experience Trust by Design
- 41. 8/13/2018 MOHAMMAD OBAIDAT - 2013 41 VP Disruptio n Design Driven Innovation Looks Experience Wait!!!!! Do you hate accounting?
- 42. 8/13/2018 MOHAMMAD OBAIDAT - 2013 42 Offer Driven Innovatio n Customer Driven Innovatio n Resource Driven Innovatio n Finance Driven Innovatio n
- 43. 8/13/2018 MOHAMMAD OBAIDAT - 2013 43 Customer Driven Innovatio n
- 44. 8/13/2018 MOHAMMAD OBAIDAT - 2013 44 Customer Driven Innovatio n
- 46. 8/13/2018 MOHAMMAD OBAIDAT - 2013 46 CR Disruptio n Personalizati on Gamification Engaged Customers Building Community Loyalty Programs Automation
- 47. 8/13/2018 MOHAMMAD OBAIDAT - 2013 47 CR Disruptio n Personalizati on Gamification Engaged Customers Building Community Loyalty Programs Automation
- 48. 8/13/2018 MOHAMMAD OBAIDAT - 2013 48 CR Disruptio n Personalizati on Gamification Engaged Customers Building Community Loyalty Programs Automation
- 49. 8/13/2018 MOHAMMAD OBAIDAT - 2013 49 CR Disruptio n Personalizati on Gamification Engaged Customers Building Community Loyalty Programs Automation
- 50. 8/13/2018 MOHAMMAD OBAIDAT - 2013 50 CR Disruptio n Personalizati on Gamification Engaged Customers Building Community Loyalty Programs Automation
- 51. 8/13/2018 MOHAMMAD OBAIDAT - 2013 51 CR Disruptio n Personalizati on Gamification Engaged Customers Building Community Loyalty Programs Automation
- 52. 8/13/2018 MOHAMMAD OBAIDAT - 2013 52 CR Disruptio n Personalizati on Gamification Engaged Customers Building Community Loyalty Programs Automation
- 53. 8/13/2018 MOHAMMAD OBAIDAT - 2013 53 Customer Driven Innovatio n
- 55. 8/13/2018 MOHAMMAD OBAIDAT - 2013 55 C.S Disruptio n Creating a new customer segment Focusing on niche segment
- 56. RED OCEAN VS. BLUE OCEAN https://www.slideshare.net/JosephWinthropGodoy1/blue-ocean-versus-red-ocean
- 57. 8/13/2018 MOHAMMAD OBAIDAT - 2013 57 C.S Disruptio n Focusing on niche segment
- 58. 8/13/2018 MOHAMMAD OBAIDAT - 2013 58 C.S Disruptio n Creating a new customer segment
- 59. 8/13/2018 MOHAMMAD OBAIDAT - 2013 59 Customer Driven Innovatio n
- 61. 8/13/2018 MOHAMMAD OBAIDAT - 2013 61 Channels Disruptio n Sales Deliver y
- 62. 8/13/2018 MOHAMMAD OBAIDAT - 2013 62 Channels Disruptio n Delivery
- 63. 8/13/2018 MOHAMMAD OBAIDAT - 2013 63 Channels Disruptio n Sales
- 64. 8/13/2018 MOHAMMAD OBAIDAT - 2013 64 Offer Driven Innovatio n Customer Driven Innovatio n Resource Driven Innovatio n Finance Driven Innovatio n
- 65. 8/13/2018 MOHAMMAD OBAIDAT - 2013 65 Resource Driven Innovatio n
- 66. 8/13/2018 MOHAMMAD OBAIDAT - 2013 66 Resource Driven Innovatio n Re-think your process
- 73. WHAT IS THE CORE OF A BURGER MV P PROD UCT
- 74. CO-CREATION
- 75. CO-CREATION
- 83. 8/13/2018 MOHAMMAD OBAIDAT - 2013 83 Offer Driven Innovatio n Customer Driven Innovatio n Resource Driven Innovatio n Finance Driven Innovatio n
- 84. 8/13/2018 MOHAMMAD OBAIDAT - 2013 84 Finance Driven Innovatio n
- 86. 8/13/2018 MOHAMMAD OBAIDAT - 2013 86
Editor's Notes
- 60s Nappies Contact lenses Internet CAD 70s Budget airlines – Southwest ATM Email Fiber Optics Just in Time – Toyota 80s PC CD Dyson Tablet Computers 90s Search Engine International overnight courier service Victor Wouk first car was in the 70s, only in the 90s started being implemented by Toyota Introducing the PPC business model IBM was amongst the first to introduce Smartphones Google founded in 1998 2000s Web 2.0 was introduced in 1999, the impact of this web started to appear with the innovations of the 2000s Facebook founded in 2004
- Toyota own 4000 patents in hybrid technologies, yet in 1994 Soviet inventor invented the early technology and he won the battle
- Free delivery, free return, and now free pickup with uber like services
- Nordstrom: free shipping and free returns happily Mint created a game to help the teenagers know more about the importance of financial management and they can acquire them later when they grow up Everlane is very transparent and helps the customer know exactly every single cent is going to which direction and how much they are making money out of it
- Zefyr helps the customers know more about the legalities and the information related to accounting and legal forms Free people engaged their customers through making them their blog writers
- Big data, data analytics
- Big data, they analyzed the content liked and shared amongst the individuals in several parts of the world
- Building an MVP help the founders make sure they are building the right product and not issuing a release for a product no one wants
- They allow people to design their own t-shirts, then they print them and send them to them
- Buzz feed they are working on giving their employees the chance to work on several task at once
- Buzz feed they are working on giving their employees the chance to work on several task at once
- Buzz feed they are working on giving their employees the chance to work on several task at once