The business model workshop is a 2-day learning experience about designing and implementing profitable growth engines. With today's fast moving business environment, organizations need a way to sense and respond to both threats and opportunities in a dynamic way. The business model workshop introduces participants to business model thinking and the methods/tools they need to maximize profitable growth. The business model workshop introduces a new tool called the Value Exchange Map, which works with the Business Model Canvas. Both together provide a kind of business model "stereo vision".
This document summarizes Manuel Koelman's talk on how pirates build products using lean startup principles. The key points are:
1) Startups face extreme uncertainty and most fail, usually because there are no customers rather than the product not working. Lean startup principles emphasize learning fast through experiments to reduce time to find a business model or product-market fit.
2) The lean startup process involves building a minimum viable product, testing it with customers, adjusting or pivoting based on feedback, and then repeating the process to make continuous progress. The goal is to validate problems and solutions as quickly as possible before running out of resources.
3) Customer development is key - get out of the house before coding to validate problems
Brant has worked with hundreds of entrepreneurs across the globe and is a sought after speaker, having presented at leading companies such as Qualcomm, Intuit, Capital One and Hewlett-Packard. Brant’s startup career includes Tumbleweed, Timestamp, WildPackets, inCode, and many others. He has experienced IPO, acquisition, rapid growth, and miserable failure. Come hear Brant tell his story.
Register for Entrepreneurship 101 here: http://www.marsdd.com/event_series/entrepreneurship-101/
Remember Clippy, Microsoft's (now-retired) Office Assistant? Here's Clippy offering some tips on how to build an e-commerce platform that's user-friendly, thus driving sales for your brand.
Product Innovation Talk w Heads of Innovation at Wirecard & GiniProduct School
The document discusses innovation in the electrical grid. It begins by noting the importance of innovating early to avoid failure. It then outlines three types of organizations - large multinational enterprises, big corporations with innovation labs, and startups - and discusses challenges and opportunities each faces in innovation. Key success factors for innovation discussed include customer focus, collaborating and culture. The remainder of the document focuses on innovation at Gini, an AI startup, outlining their experiments and processes for idea generation.
The document summarizes 13 interviews conducted over two weeks with architecture and engineering firms. It details the types and sizes of firms interviewed, as well as trends in the design/construction industry observed from the interviews. Key trends included increased use of Building Information Modeling (BIM) software and growth in green building projects. The document also provides background on the Spectrum team members and their initial concept to provide automated building performance feedback early in the commercial design process.
The business model workshop is a 2-day learning experience about designing and implementing profitable growth engines. With today's fast moving business environment, organizations need a way to sense and respond to both threats and opportunities in a dynamic way. The business model workshop introduces participants to business model thinking and the methods/tools they need to maximize profitable growth. The business model workshop introduces a new tool called the Value Exchange Map, which works with the Business Model Canvas. Both together provide a kind of business model "stereo vision".
This document summarizes Manuel Koelman's talk on how pirates build products using lean startup principles. The key points are:
1) Startups face extreme uncertainty and most fail, usually because there are no customers rather than the product not working. Lean startup principles emphasize learning fast through experiments to reduce time to find a business model or product-market fit.
2) The lean startup process involves building a minimum viable product, testing it with customers, adjusting or pivoting based on feedback, and then repeating the process to make continuous progress. The goal is to validate problems and solutions as quickly as possible before running out of resources.
3) Customer development is key - get out of the house before coding to validate problems
Brant has worked with hundreds of entrepreneurs across the globe and is a sought after speaker, having presented at leading companies such as Qualcomm, Intuit, Capital One and Hewlett-Packard. Brant’s startup career includes Tumbleweed, Timestamp, WildPackets, inCode, and many others. He has experienced IPO, acquisition, rapid growth, and miserable failure. Come hear Brant tell his story.
Register for Entrepreneurship 101 here: http://www.marsdd.com/event_series/entrepreneurship-101/
Remember Clippy, Microsoft's (now-retired) Office Assistant? Here's Clippy offering some tips on how to build an e-commerce platform that's user-friendly, thus driving sales for your brand.
Product Innovation Talk w Heads of Innovation at Wirecard & GiniProduct School
The document discusses innovation in the electrical grid. It begins by noting the importance of innovating early to avoid failure. It then outlines three types of organizations - large multinational enterprises, big corporations with innovation labs, and startups - and discusses challenges and opportunities each faces in innovation. Key success factors for innovation discussed include customer focus, collaborating and culture. The remainder of the document focuses on innovation at Gini, an AI startup, outlining their experiments and processes for idea generation.
The document summarizes 13 interviews conducted over two weeks with architecture and engineering firms. It details the types and sizes of firms interviewed, as well as trends in the design/construction industry observed from the interviews. Key trends included increased use of Building Information Modeling (BIM) software and growth in green building projects. The document also provides background on the Spectrum team members and their initial concept to provide automated building performance feedback early in the commercial design process.
Shift Money 2019 - Why Open API platforms provide the building blocks for inn...Shift Conference
The payments market is one of the fastest growing areas of finance. According to McKinsey, the commercial value of the global payments market is set to be worth as much as $3 trillion by 2022. Much of this growth has been accelerated by the adoption of Open APIs, but much like in the early days of open source the value of an Open API approach is not yet well-known. In this presentation, Ian Johnson, Head of European Growth, Marqeta will examine why newer entrants or challengers to the payments sector have rejected the legacy model of private and closed APIs, which give the API publisher full control over how applications are developed. Instead, Ian will make the case for payments platforms that are built by developers for developers, with Open APIs that hand full control of programmes and applications back to the client. The value of this ‘try before you buy' approach lies in providing clients with the ability to launch products incredibly quickly and the responsibility to adapt their technology to respond to market needs. Any company that wants to reach its full potential in payments market and quickly, should be embracing this cultural and technological shift with open arms.
This document introduces business experimentation and prototyping. It discusses that experiments test hypotheses and produce learning through measurable outcomes. Prototyping makes ideas tangible to learn from quickly through iteration. Different types of prototypes include physical, service, and environmental. Minimum viable products have minimum features to win early adopters. Metrics should be understandable, comparative, and help change behavior. Common experiments include A/B tests to compare options and sales experiments to validate customer interest. Prototyping and experimentation foster innovation and reduce risk through learning.
How IBM Enables Its Workers to Innovate: Replace Management Selection with Cr...Brad Power
IBM runs two programs out of their CIO Lab that encourage employees to share ideas and create prototypes, and helps them get their innovative projects in the hands of the crowd to uncover powerful new technology. I Fund IT is an in-house crowdfunding platform, and the Technology Adoption Program (TAP) helps employees create and try experimental software. Can your organization replace management decisions with crowd decisions?
The document discusses crowdpreneurship, which is a proposed platform that allows entrepreneurs with orthogonal skills to form teams to develop app ideas. Team members would contribute work in exchange for equity in the app project. The platform aims to facilitate the incubation of app ideas through team formation, legal agreements on revenue sharing and intellectual property, and knowledge sharing between teams. It is not intended as a freelance job site, crowdfunding platform, or crowdsourcing site, but rather allows participants to build competitive apps through teamwork and own equity in the apps they help develop.
✓Only for UI5CN Premium subscribers - UI5CN Project CORE Coming Soon
✓First of its Kind Enterprise Application to help learners gain experience, knowledge and understanding on how to work on new generation technologies hands-on.
✓Technologies covered are :
- BigData
- Hadoop Spark
- Machine Learning
- AngularJS 4
- D3JS
- SAPUI5
- SAP HANA
- REST API's
Website: https://www.ui5cn.com/
This document discusses best practices for fostering innovation in organizations. It provides examples of innovative companies like Dell, Amazon, Apple, and Toyota. Some key practices that support innovation include investing in employee growth, acknowledging contributions, promoting continuous improvement, and ensuring leadership fosters an innovative culture. The conclusion emphasizes that innovation must be embedded throughout an organization's culture to be successful, and companies may need to bring in new leadership if unable to innovate internally.
27 Revenue Model Options B2B (curated by @arnevbalen - Board of Innovation)Board of Innovation
How to find new ways to make money in a B2B context? Explore 27 trigger cards with different business model options and pricing tactics (B2B version). (By Board of Innovation)
Madkudu - Product Led Summit - Product Led OnboardingFrancis Brero
As the conversation around product-led growth builds, some interesting trends have started to emerge. Amid all the stories and strategies are some frequently repeated myths about product-led onboarding and what it means in a product-led go-to-market strategy.
So I’d like to debunk 3 common product-led onboarding myths—namely, the idea that you don’t need a sales team, that conversion is a linear process, and that people truly want to serve themselves.
Workshop innovation management using the lean canvas by Amr NomanAgile ME
The document discusses innovation management using the Lean Canvas model. It introduces the Lean Canvas template for documenting a startup business model. The Lean Canvas is used to outline the key elements of a business including the problem being solved, proposed solution, unique value proposition, revenue streams, key metrics, channels, customer segments, and costs. It emphasizes the importance of validating hypotheses through customer feedback and measuring progress through metrics like activation, retention, and revenue. The overall approach focuses on developing minimum viable products to test solutions rather than falling in love with ideas.
BUSINESS MODEL & VALUE PROPOSITION MODELSciencehit.by
Андрей Курьян, ведущий ТРИЗ тренер компании «Эпам Системз»
Видео: https://youtu.be/RwDrHZreP5c
------------------------------
В рамках проведения «Научного Хакатона» мы приглашаем вас на митапы, где будут проводиться обучающие и консультационные сессии под руководством экспертов в области науки, бизнеса и ИТ.
У вас будет возможность обсудить задачи, получить экспертную помощь, объявить о вакантных местах в команде и не только.
Присоединяйтесь и решайте научные задачи командами!
Cайт: http://sciencehit.by/hackathon
Регистрация в команды: https://sciencehit.timepad.ru/event/462869/
Smart Source USA is a technology consulting firm that provides services including cloud computing, big data and analytics, application development, and technology consulting. Their mission is to produce measurable results for clients through passionate employees while creating social good. They help clients with cloud strategies, application development, cloud migration, and leveraging big data through services such as data visualization. They also specialize in mobile application development, social media enablement, and custom software development.
This document discusses business model innovation and the business model canvas. It provides various resources for learning about business models, including books, online courses, videos, and templates. It then explains the nine building blocks of the business model canvas - key partnerships, key activities, key resources, value propositions, customer relationships, channels, customer segments, revenue streams, and cost structure. Each block is defined and an example of filling out a business model canvas for a farm business is provided. The document encourages the reader to draw their own business model canvas and fill it out with ideas and hypotheses.
Understanding product development economics - why it matters?Contribyte
Henri Hämäläinen's presentation from the Tulevaisuuden Tuotekehitys (Future of Product Development) -seminar 27.10.2016.
www.tulevaisuudentuotekehitys.com
This document discusses the concept of a Minimum Viable Product (MVP) and provides guidelines for developing an effective MVP. It defines an MVP as the simplest version of a new product that allows companies to collect validated learning about users with minimal effort or risk. The document notes that MVPs are not just for startups and debunks myths that MVPs are poor quality or only suitable for startups. It concludes by outlining three guidelines for a good MVP - that it validates a hypothesis, involves the least amount of effort, and causes no damage.
The document discusses IBM's approach to innovation both internally and with external partners and clients. It describes several programs and platforms IBM uses to encourage collaboration and idea sharing, such as the Technology Adoption Program (TAP) for testing new technologies internally, and Jams for large-scale brainstorming with clients. The goal is to reduce barriers to innovation, identify opportunities, and deliver value for IBM's business through open collaboration both inside and outside the company.
This slide show describes the process we use at IBM to bring ideas from concept through to graduation into our products, services, and/or our infrastructure.
To succeed in the Digital Era, organizations turn to Microsoft Digital Advisory Services. Digital Advisors like myself work with organizations to reimagine and transform customer
engagement, employee experiences, business models and operations, to empower organizations to reach their digital aspirations.
Welcome to learn more about our Advisory Services.
The document discusses minimum viable products (MVPs) which are the simplest version of a new product that allows a team to collect validated learning about customers with minimal effort. It defines MVP and explains why they are used to avoid building things nobody wants by following a build-measure-learn loop. Some myths about MVPs are debunked and examples of real-world MVPs are provided. Exercises are included to help identify hypotheses to test and create MVP tests.
This document provides an overview of different business models and strategies for commercializing innovations. It defines innovation and the types of innovations. It also discusses technology commercialization and how to communicate the value of new technologies to customers. The document outlines several common business models like subscription, freemium, product-to-service, and franchising. It emphasizes the importance of understanding customer needs and benefits when selecting a business model. Overall, the document serves as a guide for innovators on developing business strategies for bringing new technologies to market.
The document summarizes a workshop about innovative business models. It discusses 2TheLoo, a chain of public toilets that generates revenue through fees and product sales. It then covers various business model innovations in industries like music, transportation, and banking. Attendees were tasked with suggesting business model analogies for iMade, a digital manufacturing initiative, and developing new concepts based on those analogies, like 3D printing service 3DHubs. The workshop aimed to help develop iMade's business model through analogy-based idea generation and group work.
Shift Money 2019 - Why Open API platforms provide the building blocks for inn...Shift Conference
The payments market is one of the fastest growing areas of finance. According to McKinsey, the commercial value of the global payments market is set to be worth as much as $3 trillion by 2022. Much of this growth has been accelerated by the adoption of Open APIs, but much like in the early days of open source the value of an Open API approach is not yet well-known. In this presentation, Ian Johnson, Head of European Growth, Marqeta will examine why newer entrants or challengers to the payments sector have rejected the legacy model of private and closed APIs, which give the API publisher full control over how applications are developed. Instead, Ian will make the case for payments platforms that are built by developers for developers, with Open APIs that hand full control of programmes and applications back to the client. The value of this ‘try before you buy' approach lies in providing clients with the ability to launch products incredibly quickly and the responsibility to adapt their technology to respond to market needs. Any company that wants to reach its full potential in payments market and quickly, should be embracing this cultural and technological shift with open arms.
This document introduces business experimentation and prototyping. It discusses that experiments test hypotheses and produce learning through measurable outcomes. Prototyping makes ideas tangible to learn from quickly through iteration. Different types of prototypes include physical, service, and environmental. Minimum viable products have minimum features to win early adopters. Metrics should be understandable, comparative, and help change behavior. Common experiments include A/B tests to compare options and sales experiments to validate customer interest. Prototyping and experimentation foster innovation and reduce risk through learning.
How IBM Enables Its Workers to Innovate: Replace Management Selection with Cr...Brad Power
IBM runs two programs out of their CIO Lab that encourage employees to share ideas and create prototypes, and helps them get their innovative projects in the hands of the crowd to uncover powerful new technology. I Fund IT is an in-house crowdfunding platform, and the Technology Adoption Program (TAP) helps employees create and try experimental software. Can your organization replace management decisions with crowd decisions?
The document discusses crowdpreneurship, which is a proposed platform that allows entrepreneurs with orthogonal skills to form teams to develop app ideas. Team members would contribute work in exchange for equity in the app project. The platform aims to facilitate the incubation of app ideas through team formation, legal agreements on revenue sharing and intellectual property, and knowledge sharing between teams. It is not intended as a freelance job site, crowdfunding platform, or crowdsourcing site, but rather allows participants to build competitive apps through teamwork and own equity in the apps they help develop.
✓Only for UI5CN Premium subscribers - UI5CN Project CORE Coming Soon
✓First of its Kind Enterprise Application to help learners gain experience, knowledge and understanding on how to work on new generation technologies hands-on.
✓Technologies covered are :
- BigData
- Hadoop Spark
- Machine Learning
- AngularJS 4
- D3JS
- SAPUI5
- SAP HANA
- REST API's
Website: https://www.ui5cn.com/
This document discusses best practices for fostering innovation in organizations. It provides examples of innovative companies like Dell, Amazon, Apple, and Toyota. Some key practices that support innovation include investing in employee growth, acknowledging contributions, promoting continuous improvement, and ensuring leadership fosters an innovative culture. The conclusion emphasizes that innovation must be embedded throughout an organization's culture to be successful, and companies may need to bring in new leadership if unable to innovate internally.
27 Revenue Model Options B2B (curated by @arnevbalen - Board of Innovation)Board of Innovation
How to find new ways to make money in a B2B context? Explore 27 trigger cards with different business model options and pricing tactics (B2B version). (By Board of Innovation)
Madkudu - Product Led Summit - Product Led OnboardingFrancis Brero
As the conversation around product-led growth builds, some interesting trends have started to emerge. Amid all the stories and strategies are some frequently repeated myths about product-led onboarding and what it means in a product-led go-to-market strategy.
So I’d like to debunk 3 common product-led onboarding myths—namely, the idea that you don’t need a sales team, that conversion is a linear process, and that people truly want to serve themselves.
Workshop innovation management using the lean canvas by Amr NomanAgile ME
The document discusses innovation management using the Lean Canvas model. It introduces the Lean Canvas template for documenting a startup business model. The Lean Canvas is used to outline the key elements of a business including the problem being solved, proposed solution, unique value proposition, revenue streams, key metrics, channels, customer segments, and costs. It emphasizes the importance of validating hypotheses through customer feedback and measuring progress through metrics like activation, retention, and revenue. The overall approach focuses on developing minimum viable products to test solutions rather than falling in love with ideas.
BUSINESS MODEL & VALUE PROPOSITION MODELSciencehit.by
Андрей Курьян, ведущий ТРИЗ тренер компании «Эпам Системз»
Видео: https://youtu.be/RwDrHZreP5c
------------------------------
В рамках проведения «Научного Хакатона» мы приглашаем вас на митапы, где будут проводиться обучающие и консультационные сессии под руководством экспертов в области науки, бизнеса и ИТ.
У вас будет возможность обсудить задачи, получить экспертную помощь, объявить о вакантных местах в команде и не только.
Присоединяйтесь и решайте научные задачи командами!
Cайт: http://sciencehit.by/hackathon
Регистрация в команды: https://sciencehit.timepad.ru/event/462869/
Smart Source USA is a technology consulting firm that provides services including cloud computing, big data and analytics, application development, and technology consulting. Their mission is to produce measurable results for clients through passionate employees while creating social good. They help clients with cloud strategies, application development, cloud migration, and leveraging big data through services such as data visualization. They also specialize in mobile application development, social media enablement, and custom software development.
This document discusses business model innovation and the business model canvas. It provides various resources for learning about business models, including books, online courses, videos, and templates. It then explains the nine building blocks of the business model canvas - key partnerships, key activities, key resources, value propositions, customer relationships, channels, customer segments, revenue streams, and cost structure. Each block is defined and an example of filling out a business model canvas for a farm business is provided. The document encourages the reader to draw their own business model canvas and fill it out with ideas and hypotheses.
Understanding product development economics - why it matters?Contribyte
Henri Hämäläinen's presentation from the Tulevaisuuden Tuotekehitys (Future of Product Development) -seminar 27.10.2016.
www.tulevaisuudentuotekehitys.com
This document discusses the concept of a Minimum Viable Product (MVP) and provides guidelines for developing an effective MVP. It defines an MVP as the simplest version of a new product that allows companies to collect validated learning about users with minimal effort or risk. The document notes that MVPs are not just for startups and debunks myths that MVPs are poor quality or only suitable for startups. It concludes by outlining three guidelines for a good MVP - that it validates a hypothesis, involves the least amount of effort, and causes no damage.
The document discusses IBM's approach to innovation both internally and with external partners and clients. It describes several programs and platforms IBM uses to encourage collaboration and idea sharing, such as the Technology Adoption Program (TAP) for testing new technologies internally, and Jams for large-scale brainstorming with clients. The goal is to reduce barriers to innovation, identify opportunities, and deliver value for IBM's business through open collaboration both inside and outside the company.
This slide show describes the process we use at IBM to bring ideas from concept through to graduation into our products, services, and/or our infrastructure.
To succeed in the Digital Era, organizations turn to Microsoft Digital Advisory Services. Digital Advisors like myself work with organizations to reimagine and transform customer
engagement, employee experiences, business models and operations, to empower organizations to reach their digital aspirations.
Welcome to learn more about our Advisory Services.
The document discusses minimum viable products (MVPs) which are the simplest version of a new product that allows a team to collect validated learning about customers with minimal effort. It defines MVP and explains why they are used to avoid building things nobody wants by following a build-measure-learn loop. Some myths about MVPs are debunked and examples of real-world MVPs are provided. Exercises are included to help identify hypotheses to test and create MVP tests.
This document provides an overview of different business models and strategies for commercializing innovations. It defines innovation and the types of innovations. It also discusses technology commercialization and how to communicate the value of new technologies to customers. The document outlines several common business models like subscription, freemium, product-to-service, and franchising. It emphasizes the importance of understanding customer needs and benefits when selecting a business model. Overall, the document serves as a guide for innovators on developing business strategies for bringing new technologies to market.
The document summarizes a workshop about innovative business models. It discusses 2TheLoo, a chain of public toilets that generates revenue through fees and product sales. It then covers various business model innovations in industries like music, transportation, and banking. Attendees were tasked with suggesting business model analogies for iMade, a digital manufacturing initiative, and developing new concepts based on those analogies, like 3D printing service 3DHubs. The workshop aimed to help develop iMade's business model through analogy-based idea generation and group work.
The document discusses different eras of business models from 1950 to present day and strategies for companies to thrive in today's changing environment. It suggests companies built from 1950-1990 focused on lasting success, those from 1994-2002 aimed to be sold, and current companies from 2002-2015 need to continuously innovate and adapt to changing conditions. It advocates for reframing problems, creating movements to shift minds, and systematizing innovation without systems to stay relevant through constant change.
Business market landscapes are evolving and companies need to act fast to stay relevant.
This deck talks about why this shift is happening and how you stay ahead in your own industry.
Included are 7 ways to future-proof your business and reinforce your position in the market.
If you want the deck for yourself you can download it using the following link ---> https://bundl.buzz/future-proof
The document provides an overview of business models and developing business plans. It discusses key elements of a business model like value proposition, market segment, revenue generation, costs and margins, competitors, and competitive advantage. It emphasizes the importance of validation, getting early customer feedback, and constantly learning and adjusting plans based on real-world testing rather than assumptions. The overall message is that a good business plan explains your solution in a clear, concise way and shows how all elements fit together logically to address a real customer need.
The document provides 14 techniques for generating business ideas, including analyzing problems in one's current or previous job, drawing inspiration from successful ideas but improving them significantly, analyzing annual reports of public companies to find problems and opportunities, and applying new business models to existing ideas. It emphasizes that ideas are useless unless acted upon, and that execution is more important than coming up with a truly unique idea. The key is focusing on validating and scaling ideas, not just generating them.
The "Genesis: Idea Stage" ebook explains the phase where the journey starts for every startup: the idea stage. This eBook is the first part of the "Startup Master Class" series covering the idea, problem/solution fit, product/market fit and scaling stages.
This document discusses how lean startup and agile principles can be combined for effective product development. It advocates for continuous customer interaction and iteration based on learning from customers rather than big design upfront. Pivoting is discussed as an important part of the process to change based on what is learned. An example is given of how Native Instinct worked with Pure Digital to iteratively develop the Flip camera based on customer feedback and market changes.
SPENTREP - Business Model Innovation (reported by Emmanuel Junio)emmanueljunio
This document discusses business models and business model innovation. It begins by defining a business model as describing how an organization creates, delivers, and captures value. It then introduces the business model canvas as a tool to systematically describe and design business models using nine building blocks. The document explains common business model patterns and provides examples. It defines business model innovation as envisioning and implementing new ways of doing business to create customer value and competitive advantage. The document outlines a four step process for business model innovation: initiation, ideation, integration, and implementation. It emphasizes that innovation often involves adapting existing business model patterns rather than completely new ideas.
This document discusses different types of innovation including business model innovation, process innovation, product innovation, and service innovation. It then provides examples of how a business can generate revenue from a cow, including selling milk, cheese, yogurt, meat, and leather. The key components of a business model are defined as the value proposition, revenue model, customer segments, key resources and processes, and cost structure and profit potential. Barriers to business model innovation and example business models are also outlined.
Lecture 8 industry studies student (1)moduledesign
This document provides an overview of a lecture on innovation and change in the consumer goods industry. It begins by defining innovation and discussing the different types, including product and process innovation. It also covers challenges to innovation implementation and different approaches to managing organizational change. The learning outcomes are to understand models of innovation, challenges to innovation, and how to evaluate change models. The document then explores topics like disruptive innovation, innovation in Western firms versus emerging markets, and dealing with innovation failures.
This document discusses strategies for marketing technology at different stages of maturity. It begins by outlining the types of companies that can be created from a technology and how that impacts the marketing approach. It then discusses how to assess the maturity of a technology using Technology Readiness Levels (TRLs) and how that maps to potential customers and good outcomes. The document provides frameworks to think about targeting current vs new customers and the 7 Ps of technology marketing as they relate to the stage of maturity. Overall, it aims to help thinkers understand how to effectively market and position their technology based on its current state.
This document provides an overview of a lecture on innovation and change in the consumer goods industry. It will examine what innovation is, different types of innovation, challenges to innovation, and approaches to managing change. The learning outcomes are to understand models of innovation, discuss challenges and evaluate models for creating organizational change. The lecture will look at innovation in firms, disruptive innovation, and examples of innovation approaches used in Western firms compared to emerging markets.
The document discusses what is next in corporate innovation. It suggests that to drive core innovation, companies need to make corporate design thinking more data-driven. For adjacent innovation, companies need to ensure initiatives are aligned with user and market needs as well as corporate strategy. To enable radical innovation, companies need to invest in new ventures through corporate venture arms and help startups scale. The document provides examples and resources for implementing these approaches.
VARS - the way we make money as independent entrepreneurs...Gordon Kraft
In the days of the minicomputer and PC's VARS Value Added Resellers provided turnkey solutions to Business. They still do to Large End Users LEU's, but with the economy creating more and more Entrepreneurs, one man bands a new yet solution is required. Pooling of Interests is required... Collaboration is required. This can be done by Google Hangouts. Or of course one can Offshore their requirements to India.
Silicon Valley can create Pooling Interest in and city, even Lake Tahoe...
This document summarizes Impertion's lead generation and marketing services for technology resellers. Impertion has communities of over 30,000 IT decision makers worldwide and uses content marketing, lead nurturing, and sales conversion to deliver ready-to-buy prospects. Their proven model attracts marketing-qualified leads through vendors' content, nurtures those leads with additional materials, and provides opportunities to convert leads through calls-to-action and lead scoring. Impertion guarantees to deliver 40 marketing-qualified leads over 4 months for $5,000 or will refund the difference, and offers additional leads for $5,000 increments.
In this talk, we introduce the Disciplined Entrepreneurship framework as well as the DE canvas. We end with a challenge to the founding team: "Why are you in business?"
MeasureWorks - 5 startups lessons to build better products fasterMeasureWorks
This document provides a summary of lessons for growing better products faster. It discusses (1) running experiments everywhere and iterating rapidly to find product-market fit, (2) using a positioning statement to frame the product and target market, and (3) building a frictionless product through a focus on user experience and page load times. It also covers (4) using analytics to identify the most important metrics and run experiments to optimize the product, and (5) how sales and funding are connected through building a revenue model. The overall message is that companies need to embrace experimentation, iteration, and a data-driven approach to innovation in order to adapt and survive in a changing market.
Futurice Afterwork London Jun 2013 - Petri HeiramoPetri Heiramo
This document summarizes key aspects of Lean Startup methodology. It discusses how Lean Startup is focused on intensive customer learning through building minimum viable products and getting early customer feedback. The document contrasts Lean Startup with traditional approaches that have lower uncertainty and slower change. It also outlines the Lean Startup cycle and how the methodology can be applied beyond startups to established businesses for new product development, process improvement, and governmental initiatives involving high uncertainty.
Similar to Business model innovation for small businesses (20)
This document provides an overview of key financial planning concepts including pricing methods, sales forecasting, profit and loss forecasting, and cashflow forecasting. It discusses cost-oriented pricing, determining costs, sales assumptions, calculating costs per unit, competitor pricing, and creating forecasts for sales, profits, and cashflow to plan business finances. The goal is to help understand essential financial metrics and strategies for setting prices, projecting revenues and costs, and managing business cashflow.
The document provides an overview of different business structures in the UK, including sole trader, partnership, limited company, franchise, company limited by guarantee, community interest company, and charitable incorporated organisation. It discusses the advantages and disadvantages of each structure and the types of insurance businesses may need, such as employers liability, public liability, and professional indemnity. It also covers the importance of separate business bank accounts and types of finances to track for a business.
This document provides an overview of the new product development process, including key phases and considerations. It discusses defining problems from the customer perspective by understanding customer jobs, pains, and gains. Various screening and testing methods are presented for evaluating new product concepts, such as focus groups, prototyping, and market testing. Business planning elements like financial forecasts, target setting, and launch checklists are also reviewed. Finally, common causes of new product failures are summarized, emphasizing the importance of understanding customers, markets, and competitors to develop successful new offerings.
The document provides an overview of key marketing concepts including identifying and understanding customers, creating personas, explaining the differences between features, benefits, and advantages, and how to plan a marketing communication strategy. It discusses gaining an understanding of marketing, identifying the right target customers, creating customer personas, explaining the difference between features, benefits, and advantages, communicating benefits effectively, differences in marketing services, and how to plan marketing communications.
The document discusses business models and their key components. It defines a business model as explaining how a company works by answering questions about who the customer is, what the customer values, and how the company makes money. It then covers the main aspects of a business model canvas including: value proposition, customer segments, channels, customer relationships, key activities, key resources, key partners, revenue streams, and cost structure. It emphasizes that a business model describes how an organization delivers value to its customers.
This document provides guidance on action planning to achieve business goals. It instructs the reader to identify a single, measurable wildly important goal with a deadline. It then has the reader list all current business activities and identify which are helping or hindering goal progress. The reader is guided to organize activities into an Eisenhower matrix based on urgency and importance to determine the order. Finally, it discusses identifying dependencies between activities to create a critical path and schedule tasks using a Gantt chart. The reader is also advised to hold themselves accountable with weekly reviews of progress and challenges.
The document discusses various aspects of finance, financial planning, and pricing strategies. It provides information on setting prices based on costs, competitors, and customer value. Key points include determining direct and fixed costs to calculate cost per unit, forecasting sales and profits, and creating cashflow forecasts to predict cash balances over time. Different pricing methods like cost-based, competition-based, and value-based approaches are examined, along with tips for negotiating prices and using dynamic pricing models.
The document provides guidance on creating effective pitches for different audiences and situations. It discusses the differences between presentations and pitches, when to use a pitch, and how to structure pitch decks. Examples are given for investor and sales prospect pitches, including recommended content for each slide. The document also discusses features, promises, business pain, and benefits to address when pitching and gives tips for an effective opening and backing up a pitch with facts and case studies.
This document summarizes the objectives and content covered in a graduate boot camp session on action planning and project management. The session covered: understanding project management; identifying individual actions to achieve goals; ordering actions effectively; estimating time; understanding critical paths; and ways for businesses to grow. Attendees learned tools for goal setting, mapping dependencies between tasks, creating Gantt charts, roadmapping, and monitoring progress. They practiced applying these concepts by decomposing goals into tasks, ordering tasks to make a cup of tea, and creating development timelines for their own businesses in the short and long term.
This document provides an overview of marketing concepts covered in a boot camp session, including competition, substitutes, customer identification and personas, benefits versus features, and the differences between marketing products and services. The session aims to help participants understand basic marketing principles for their business, such as identifying the right target customers, communicating benefits effectively, and planning a marketing strategy. Key topics covered include competition analysis, customer profiling, creating customer personas, and distinguishing features, advantages and benefits.
The document provides an overview of key business administration topics including: business structures (sole trader, partnership, limited company etc.), types of insurance, opening a business bank account, invoicing, and tracking business income and expenses. It emphasizes the importance of choosing the right legal structure and keeping accurate financial records.
This document discusses business models and their key components. It defines a business model as the story that explains how an enterprise works by answering fundamental questions about who the customer is, what value is provided to the customer, and how the business generates revenue. It then discusses the key components of a business model canvas including value proposition, customer segments, channels, customer relationships, key activities, key resources, key partners, revenue streams, and cost structure. It emphasizes understanding these components to create a tangible business model and addresses considering external forces like competition and substitutes that may impact the business model.
The key activities and key resources sections of the business model canvas are described. Key activities are the important actions a company must take to operate successfully and can include production, problem-solving, and platform/network development. Key resources are the most important assets required and can be physical, human, financial, or intangible. Examples of key activities and resources for different companies like Gillette, AirBnB, and Kelly's Lemonade Stand are provided. Case studies on Dyson and Ikea highlight how their key activities and resources allow them to differentiate and reduce costs. The document concludes with differentiating resources and activities into core competencies and testing the feasibility of activities and access to resources.
Key business activities you need to consider before starting up. Different types of company, opening a business bank account, how to name your business to name a few
The document provides an overview of key concepts for developing a business model canvas. It discusses the following components in 3 sentences or less each:
Value Proposition - How a business creates value for customers through elements like newness, performance, customization and more. Customer Segments - The specific target customers a business aims to serve. Channels - How customers are reached and engaged at different stages. Customer Relationships - The type of relationship a business has with its customers.
Key Activities - Critical things a business must do to operate. Key Resources - Important assets required like physical, intellectual, human and financial resources. Key Partners - Suppliers and partners needed. Revenue Streams - How value is captured through various revenue types like
The document provides guidance on preparing to launch a new business. It discusses the importance of understanding your financial position by forecasting sales and costs, creating budgets, and calculating runway. Additional topics covered include building a network, creating goals and plans, and getting legal elements in order such as registering the business, obtaining insurance, and drafting terms and conditions. The document concludes with tips on areas like researching the industry, knowing customers, determining value, setting the right price, effective communication strategies, and seeking advice.
Social media can be used effectively for business purposes through paid, earned, and owned channels. It is important to engage customers through two-way communication on interactive sites. Goals, audiences, messages, and feedback should be considered when developing a social media strategy. Measurement of results is also key to determining if the strategy is working.
The document provides an overview of key marketing concepts including:
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- Identifying target customers and creating customer personas.
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On episode 272 of the Digital and Social Media Sports Podcast, Neil chatted with Brian Fitzsimmons, Director of Licensing and Business Development for Barstool Sports.
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Digital Marketing best practices including influencer marketing, content creators, and omnichannel marketing for Sustainable Brands at the Sustainable Cosmetics Summit 2024 in New York
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MJ Global's success in staying ahead of the curve in the packaging industry is a testament to its dedication to innovation, sustainability, and customer-centricity. By embracing technological advancements, leading in eco-friendly solutions, collaborating with industry leaders, and adapting to evolving consumer preferences, MJ Global continues to set new standards in the packaging sector.
How to Implement a Strategy: Transform Your Strategy with BSC Designer's Comp...Aleksey Savkin
The Strategy Implementation System offers a structured approach to translating stakeholder needs into actionable strategies using high-level and low-level scorecards. It involves stakeholder analysis, strategy decomposition, adoption of strategic frameworks like Balanced Scorecard or OKR, and alignment of goals, initiatives, and KPIs.
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[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This PowerPoint compilation offers a comprehensive overview of 20 leading innovation management frameworks and methodologies, selected for their broad applicability across various industries and organizational contexts. These frameworks are valuable resources for a wide range of users, including business professionals, educators, and consultants.
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This compilation is ideal for anyone looking to enhance their understanding of innovation management and drive meaningful change within their organization. Whether you aim to improve product development processes, enhance customer experiences, or drive digital transformation, these frameworks offer valuable insights and tools to help you achieve your goals.
INCLUDED FRAMEWORKS/MODELS:
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2. IDEO’s Human-Centered Design
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4. Lean Startup Methodology
5. Agile Innovation Framework
6. Doblin’s Ten Types of Innovation
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12. Design Sprint Framework
13. The Double Diamond
14. Lean Six Sigma DMAIC
15. TRIZ Problem-Solving Framework
16. Edward de Bono’s Six Thinking Hats
17. Stage-Gate Model
18. Toyota’s Six Steps of Kaizen
19. Microsoft’s Digital Transformation Framework
20. Design for Six Sigma (DFSS)
To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations
3. Lets start at the end
Tomorrow’s competitive
advantage of companies will
not be based on innovative
products and processes but on
innovative business models
4. Apple is the largest music retailer in the world.
It does not sell CD’s
13. The consequence for companies in the
innovation race are drastic.
Even if they are currently successful, it is
important for businesses to regularly test their
business model.
We live in an era of temporary competitive
advantage: success can only be maintained if
its roots are continually re-examined and
nurtured.
20. We must also not forget the issue of revenue
“A million people walk into a
Silicon Valley bar. No one buys
anything. The bar is declared a
massive success”
29. Examples
Direct Selling
Businesses sell direct to the customer, not via an
intermediary. This way savings can be made and
passed to the customer
Freemium
The basic version of an offering is given away in the
hope of persuading customers to pay for the premium
version.
A more advanced version of this is pay what you
want.
30. Add on
The core product is priced competitively, but there are
numerous extras that drive the final price up
Platform
Digitally enabled marketplaces for matching
buyers and sellers.
31. Mass customisation 2.0/
personalisation
Initially this was companies like Dell tailoring products
to individual customers needs. On demand is replacing
in stock and increasing technology is allowing this to
happen.
Mega Hyperlocal
Components for a product or service are source and
assembled locally and then also sold locally. Here
companies quickly create a strong brand presence and
loyal customers.
Can be expanded through the use of a Land and
Expand strategy.
33. Initiation
•What is the problem?
•Where is it happening?
•When is it happening?
•How can we overcome the problem?
•When do you need to get involved?
•How do you know when the problem is fixed?
38. Integration
• Check the consistency of the new business model
• Examine all four questions of your new business model and check
organisational fit.
Does it work for you?
Does it work for your customers?
Does it work for your business?