New Approaches to Business Model Innovation
This is the deck from a talk we gave on New Approaches to Business Model Innovation at the Product Development Management Association (PDMA) Summer Innovation Event in Detroit Michigan. Many organizations focus on driving innovation through new products and services. While these are productive and profitable sources of innovation, organizations that consider innovating against a broader definition of their business model -- including not only WHAT they sell, but also HOW their business operates and delivers value, will find new opportunities to drive top and bottom line growth and ensure that they stay relevant in an increasingly turbulent marketplace. In this presentation, The Garage Group introduces practical frameworks and exercises to enable Business Model Innovation: ● The “What/How” framework, which can be used to map and plan business model innovation within any organization. ● Examples from multiple industries to inspire Innovation across unexpected elements of organizations’ business models. ● A templated exercise to capture multiple elements of your organization’s business model which could be prime for innovation. The Garage Group is a new kind of strategy firm building entrepreneurial processes and capabilities for innovation.
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New Approaches to Business Model Innovation
- 1. New ApproachesPDMA Innovation Forum | 06.07.13 Business Model Innovation
- 3. Adapt how you Create, Deliver & Capture value
- 5. New kind of strategy firm Building entrepreneurial processes and capabilities for innovation
- 6. Clients... Consumer packaged goods Food & beverage Retailers Healthcare Insurance Commercial service providers
- 7. 4 Key Areas Insights Ideas Business Models Training Innovation & entrepreneurship training Services & capabilities Learn More:
- 9. Need an CC image Keith Kissel ©
- 10. Stephan Geyer ©
- 11. Need an CC image
- 13. value proposition financial model offering mixpricing people assets products servicesmarketing brand physical assets Business Model Elements client experiencelocation target clients partnerships channels
- 14. Tweak Disrupt Tweak Disrupt How you deliver. Whatyoudeliver. 1. Incremental 2. Adjacent 3. Adaptive 4. Transformative The What/How FrameworkWhat/how Framework blog post
- 15. Incremental Quadrant 1 Tweak What. Tweak How.
- 16. Incremental Quadrant 1 Tweak What. Tweak How.
- 17. Adjacent Quadrant 2 Disrupt What. Tweak How.
- 18. ADJACENT Quadrant 2 Disrupt What. Tweak How.
- 19. adaptive Quadrant 3 Tweak What. Disrupt How.
- 20. adaptive Quadrant 3 Tweak What. Disrupt How. Guideshop Video
- 21. transformative Quadrant 4 Disrupt What. Disrupt How. Fuel Band Video
- 22. transformative Quadrant 4 Disrupt What. Disrupt How. Nordstrom © Nordstrom Innovation Lab Video
- 23. Sounds good in theory... how do I practically enable? 4 Imperatives
- 24. 1. Enable it From the Top Jeff Blucher ©
- 27. 4. Live in Permanent Beta http://www.youtube.com/watch?v=sO2GKC29CsY
- 28. The What/How Model1) Identify 3-4 trends/realities from the Constant Flux that will impact your industry and company over the next few years. 1) ________________________________________________________________________________________________ 2) ________________________________________________________________________________________________ 3) ________________________________________________________________________________________________ 4) ________________________________________________________________________________________________ __________________________ __________________________2a) Choose 4 elements of your business model that you aren't currently innovating around that will be impacted by the Flux Forces you identified. ____________________________ __________________________2b) Capture a few thoughts/ideas about how you might innovate within each of those business model elements. 3) Of the 4 Enablers, which require the most immediate attention? Capture some thoughts and ideas. Implications for Business Model Innovation www.thegaragegroup.com • Enable it from the top. • Expand your strategy. • Build a garage. • Live in permanent beta.
- 29. Jason Hauer jason@thegaragegroup.com 513.368.3073 @jasonhauer Ann Lauer ann@thegaragegroup.com 513.659.9433 @cinciann Check out our blog: www.thegaragegroup.com/blog