Home INNOVATION Business Model

Business Model

This category is Business Model, exploring innovative strategies, revenue models, and operational frameworks that drive business success. It features expert insights on sustainability, scalability, and adaptation in an ever-evolving economic landscape.

ladder

Part B: Designing Organisational Ecosystems and Overcoming Barriers to Implementation

By Jonathan Trevor and Kazuhiro Asakawa In the second of a two-part series on aligning organisational ecosystems to be fit for purpose and high-performing, this...

Fun & Games: Business Models for Innovation

By Gregory Gimpel While many brilliant ideas come from start-ups with unsustainable business models, well-established firms suffer from an inability to innovate, especially in regulated...

Creative Strategy and the Business of Design

By Douglas Davis Creatives get various demands and design requests from clients, but there’s this exact same request hidden in all of it: “Solve my...

3 Important Dynamics Of Business Environment

The business environment comprises of all the factors that affect and support the business activities. It consists of both internal factors as well as...
Electric Vehicles

What Does EVhype Teach Us, and How Can We Consider the Lessons in AI’s...

By Luca Collina MBA Drawing parallels between the initial exuberance for Electric Vehicles (EVs) and Artificial Intelligence (AI), this paper argues for paying heed to...
Meta and ChatGPT on phonescreen

Platform Thinking: What Established Firms Can Learn From Big Tech and Digital Start-Ups

By Daniel Trabucchi & Tommaso Buganza The platform revolution has already taken place, but we link the idea of platforms with Big Tech like Amazon...

Navigating the A.I. Era: How Riversoft from Taiwan Harnesses the Power of Generative A.I.

Exclusive Interview with Claude Shen, Chief Technology Officer of Riversoft Inc. In a world where Generative A.I. has become ubiquitous, Riversoft's CTO, Claude Shen, discusses...
business school innovation

How Do 200-Year-Old Institutions Innovate? The Example of Business Schools

By Fernanda Arreola and Dr. Gregory C. Unruh When we think of innovation, our minds often jump to startups or young tech firms. But what...
Business Paper

Guy El Khoury: How to Innovate in the Payments Sector

Guy Raymond El Khoury, CEO of Accomplish Financial, talks about innovation in the global payments sector. Guy El Khoury, CEO of Accomplish Financial and...
China

Will China lead the twin transformation post-covid?

By Jacques Bughin and Sybille Berjoan The Covid-19 pandemic has led many corporations to retrench in the short term—but the saying goes that no matter...
Robot Travel Agency

Robot Travel Agency: A Warm and Technological Welcome

The time is ripe for technology to bridge the information gap between newly arrived travelers, their holiday accommodation, and their chosen tourist destination. Enter...
Player of sports and fans taking a selfie

The Business of Belonging: Why Emotion and Exclusivity are the Future of Sports Events

By Jaime Byrom  Belonging is redefining the business of sport. Jaime Byrom, Founder and Executive Chairman of BEYOND Hospitality Group, explores how emotional connection and...

Building the smarter future of banking & financial services

By Alexey Chalimov The entire industry of financial services in 2021 is undergoing massive digitalization. New technologies allow for better personalization for customers and effective optimization...

Strategies During Pandemic for Restaurant and Café Businesses Using Business Model Canvas

By Johannes Boroh There are many articles about business strategies on coping with the COVID-19 pandemic published in various journals, magazines, newspapers, and so forth....
branded lyocell fiber

Lenzing sets a milestone towards climate neutrality with the first CO2 neutral VEOCELâ„¢ branded...

Almost two years ago Lenzing CEO Stefan Doboczky announced the company’s goal to reduce its CO2 emissions by 50 percent till 2030 and be...
Business e-commerce

Business Models and Global E-commerce 

By Syed Balkhi The e-commerce industry is more volatile than ever. The rise and fall of the global trends influence the e-commerce businesses’ decisions and...

The Bumpy Road to Business Model Innovation: Overcoming Cognitive and Organisational Barriers

By Nicolai Foss & Tina Saebi Although proven that innovating a company’s business model can significantly increase performance, a majority of companies fail to do...

Driving Brand Affinity, Consumer Trust, and Business Growth through ESG

By Jim Hardeman After more than a decade working in the intersection of technology and the food service and hospitality industries, I have witnessed change...
laptop for advertising

Navigating the Future of Online Advertising with WEB3

By Frank Cespedes and Ben Plomion For years, digital ad spend was a steadily growing portion of marketing budgets, reaching over $601 billion globally in...
Businessman drawing global structure

Customer-Driven Disruption

By Suman Sarkar Suman Sarkar has advised leaders at dozens of disrupting Fortune 500 companies. Executives, he says, focus too much on technology and short-term...
Manage the Human Side of Innovation

Manage the Human Side of Innovation: Tools to Help Your Team Succeed

By Stefano Mastrogiacomo For companies to keep pace with the current upheavals, good teamwork and thus the relationships between team members are crucial for team...
Startups

Scandinavian Startups Poised To Hit It Big

Over the last few years, Scandinavian startups have been performing excellently. Stockholm and Helsinki regularly feature in the top 15 best startup hubs due...
Unlocking Schumpeter

Unlocking Schumpeter. Fostering Innovation Within Our Organizations

By Pedro B. Agua History has shown that when organizations have approached some threshold concerning their markets saturation, be it by product or process improvements,...
NICOLE

The Agritech innovators looking to solve tomorrow’s problems

Global food production will have to increase to match a growing population, but with available land declining, the old ways won’t meet that demand....
Iñaki Ereño - Bupa

Healthcare with the Customer Front and Centre: Interview with Mr. Iñaki Ereño of Bupa

The health sector has gone through some testing times since Iñaki Ereño became part of it in 2005, including COVID-19. Now Group CEO of...

Partnering to Grow in the Digital Era

By Ina Sebastian, Peter Weill and Stephanie Woerner For many companies today the most important goal is growth. One of the big opportunities for achieving...

Key Changes In Management: Implications From The Corona Crisis, Particularly On Family Businesses And...

By Dr. Peter Lorange   Introduction In this paper I shall discuss what I see as some major implications for management practices when it comes to several...
Global Customers

Organising to Address Global Customers

By Noel Capon, Mark Heil, Gus Maikish As globalisation increases, corporations around the world seek better ways to address their global customers. The geographic-area model...
silhouette

Japan’s Hidden Gems: What Are Japanese Companies’ Most Powerful Secrets?

By Mostafa Sayyadi and Michael J. Provitera Japanese companies such as Sony, Panasonic, Honda, and Toyota remain leaders in leadership development and process management. The...
BYD

BYD’s Rapid Ascent to the Global EV Leader

By Jiayi Huang and Xiangming Chen From a battery maker to the world´s leading electric vehicle producer, BYD's spectacular rise is an eventful journey fueled...
Startup

Tamed Space Startups: How Old Space Hides Behind New Space

The space industry is going through a rapid expansion phase as private companies like SpaceX and Blue Origin pour their billions into transforming it...
green business

Turning a Company Green Can Be a Win-Win for Your Business Model

It may be incredibly fulfilling to run a business yourself, but at the end of the day, you started your company to make money. ...
10R for Circularity in the Jewelry Industry

10R for Circularity in the Jewelry Industry

By Javier Cabello Llano, Professor Ambika Zutshi and Sahan J. Fernando The jewelry industry is facing rising pressure to ditch wasteful, exploitative practices and embrace...
Business Process Diagram

How to Create a Business Process Diagram: A Comprehensive Guide

In the intricate realm of business, effective communication and organization are paramount. Whether you're initiating a new project, enhancing existing processes, or facilitating employee...

Why Market With 3D Viewing Software

3D is a word that peoples been hearing throughout the technology world, film industry, and other marketplaces for a number of years now. Ever...
What Dentistry’s AI Revolution Teaches Other Industries

What Dentistry’s AI Revolution Teaches Other Industries

By Frank Cespedes and Ben Plomion If you're looking for an instructive case study of the absorption of AI technology into a somewhat conservative industry,...

Robots Are Cleaning Up – And Much More Besides!

Interview with Claus Risager, CEO at Blue Ocean Robotics The potential of robots to assist and even replace humans in a variety of work areas...
Flight

Innovative Technologies for New Ways for Space

Space technology has evolved in ever more fascinating ways over the years. This article looks at various innovative tech that has provided mankind with...
woman with laptop

The Evolution of Open Innovation: The Time Has Come to Achieve and Measure Results

By Filippo Frangi In a world of continuous challenges, Open Innovation has become essential for companies, driving significant transformations and providing support during a period...

How High-End Disruption Completes the Disruptive Innovation Model

By Juan Pablo Vazquez Sampere Why don’t we have an integrated mechanism of entrepreneurship to consistently make new companies successful? Turns out that the Disruption...

A Business Wealth Creation Roadmap

By Christopher H. Volk We live in unprecedented times where emerging businesses seem to mint billionaires on a regular basis.  One would have to look...
VidaXL

VidaXL: Pioneer and eCommerce Business Giant

It all started with two selling items on eBay. Sixteen years later, the business has transformed into the global retailing giant, vidaXL. The eCommerce...
How to Carry Out a Strategic Business Analysis: Beginner Friendly Source:https://unsplash.com/photos/um1zVjVCtEY. Every entrepreneur in the market needs to perform business analysis on their firm. It’s an efficient strategy to ensure that everything is set on the right course, especially with the business performance and the overall understanding of the competition levels in the industry. The strategic business analysis does not focus on the competitors of the business alone. It also helps to understand the major strengths of a business and the opportunities that it can explore, as an entity, to get further into its developmental goals. This article will give you beginner-friendly pointers that you can utilize in your business when carrying out strategic business analysis. Keep reading! Understand Your Firm architecture and Culture Source:https://unsplash.com/photos/mpN7xjKQ_Ns. When the issue pertaining to carrying out business analysis arises, you start by analysing what is inside your organization. Understand what drives your business. What is the chain of command in your firm and what culture have you cultivated for your employees? For instance, you are into spare parts and have a franchise from sunwayautoparts.com. Even though their products are of higher quality and an established brand, how your employees handle things and their interactivity with customers may affect your firm positively or negatively. Basically, understanding your firm architecture and culture helps you to understand why you are at the current place in the market you are in. Also, the number of people involved in making essential decisions in your firm matters as well. Perform a Capability Assessment Source:https://unsplash.com/photos/5fNmWej4tAA. This is when you carry out a series of evaluations on your firm’s performance as compared to your competitors in the industry. You can do this by talking to your employees and asking them to answer the sheets anonymously. This helps them to be open and give truthful feedback, which is helpful in determining areas of weaknesses in your firm. The most amazing thing to carry this out today is that there are several outstanding assessment softwares that you can use to get feedback much faster, which ultimately means that you are able to advance to the next step sooner. Likewise, experts advise on investing in a firm’s capabilities to push your organizational performance in the industry further. Identify Your Firm’s Strengths and Weaknesses Source:https://unsplash.com/photos/deoSlTaI0JU. Now that you have carried out your organizational capability assessment, you can use the feedback to see your areas of weaknesses and strengths. This is not to mean that you take this as a criticism, but rather, as an opportunity to know areas you need improving on. For the weaknesses, list them down and brainstorm with your team(if you have one) to find solutions to them. You can involve an expert too so that you can get more advice and ideas on how to improve on them. Your strengths should serve as your area of distinction from your competition. But you should not just stick there. Find ways to make your strengths more pronounced and distinguished in the market. It gives you an upper hand over your competitors. Distinguish Your Opportunities and Threats Source:https://unsplash.com/photos/InHfUJK8GQk. These are all factors that are external to your firm but affect it directly regardless. Now, taking our example from earlier, let’s say you are into automotive spare parts, and you have seen an opportunity to add some Rim LEDs into your workshop. This may be an opportunity that you can venture into. However, if your competitors are offering the same and started doing so earlier than you did, then you are at risk of accruing some losses if you decide to jump right into it without giving it much thought. Consequently, there are other external threats that might occur such as political activities and affluence, that may determine the shift in market trends. Overall, you need to fully analyze the environment around your firm and to what extent it may affect your business, whether positive or negative. Analyze Your Business Problems Source:https://unsplash.com/photos/pypeCEaJeZY. This may be a series of issues that your business may be facing. Whether interior or exterior challenges. They help you in shaping a better path to take in solving these issues. In better light, solving these issues help you in understanding every minor detail that your firm is going through. You can start off with your employees. Understand their needs and whether they are comfortable with the working environment. If not, find a way to make them comfortable. This is done through a simple 3D gaming room that they can use in their 5-10 minutes break. All you need is some simple lighting and a 3D gaming screen and you’re all set. Mainly, how positive your employees feel when they come to work determines nearly half of the issues that your business may face. Take time to brainstorm these issues with your team. Perform Feasibility and Risk Analysis Source:https://unsplash.com/photos/XAX8vCM5G6o. Now, these are essentials that you do not want to forget. Take your time to understand the viability of your business solutions so far. What risks are involved? Are you content with the outcomes? Do your solutions offer what clients are looking for fully or do they need to be advanced? Answering these questions will give you a clear understanding of your overall business model and how to improve it. The Bottom Line Strategic business analysis is a wide section that requires detailed planning. Take your time while doing and get help where you feel stuck. Best of luck!

How to Carry Out a Strategic Business Analysis: Beginner Friendly

Every entrepreneur in the market needs to perform business analysis on their firm. It’s an efficient strategy to ensure that everything is set on...
Franchising

Franchising Explained: Unlocking Growth Opportunities and Navigating Risks

Franchising is a business model that allows companies to expand quickly by allowing independent entrepreneurs, known as franchisees, to operate their own branches under...
Data for Effective AI Deployment

Business Beyond the Algorithm: Understanding Data for Effective AI Deployment

By Dr. Nadia Morozova, Tamara Miner, and Karen Taylor Crowe Successful deployment of AI solutions continues to be a challenge for many organizations. In this...
Europe’s Innovation Edge

Europe’s Innovation Opportunity: How America’s Brain Drain Could Fuel the Next Porto Digital

By Juliana Queiroga As U.S. research faces disruption, Europe must move beyond funding to capture global talent. By adopting Brazil’s Porto Digital model, Europe can...
The Fungibility of Environmental, Social, and Governance Reporting

The Fungibility of Environmental, Social, and Governance Reporting

By Tim Bovy and Ian Hodges For all organisations, there is the need for ESG reporting to be interoperable because it impacts the ability of...
GenAIImage_52

How to Lead Successful Change Management for Good

By Knut Haanaes and Julia Binder In any given moment we have two options: to step forward into growth or step back into safety. This...

After After-Sales: New Business Models Tempt, Fail Industry

By Olaf Plötner The after-sales-based business models of industrial enterprises are endangered. Simultaneously, modern data-based technologies enable the development of complex service solutions – so...

Nicolas Krafft and the Why and How of Haircare Products Beyond 2020

Ten years ago, the hair care product industry was comfortable and familiar. Stylists stood faithfully by their salons, salons ordered exclusively from professional hair...