Inspiration shower for the paperJam business club in Luxembourg.
During this highly interactive workshop you will have the opportunity to learn about a new approach to strategy. Drawing on concepts of business model innovation, breakthrough strategy, Blue Ocean Strategy and disruptive innovation, we will have a look at a comprehensive framework for thinking about how to find new growth opportunities for your business.
What you’ll take back home:
- a fresh look at strategy
- approaches to strategy and business model innovation
- a framework for describing your business and it’s business model
- inspiration and ideas on how to reinvent your business model
- ideas on how to get started in your organization.
For more details check the paperJam website.
Tagged as:
Blue Ocean Strategy,
Business Model Innovation,
Strategic Innovation,
Workshop
While this Tiger Woods story has not been that featured in Europe, I came across several articles this week while being in the US.
Honestly I don’t care what Tiger did or did not do and whether he wants to share his motives or not.
What I find interesting to look at though is how Accenture reacted to events.
As you would expect from a good corporate citizen they didn’t want be associated with Woods and this kind of behavior, cheating, drinking and all that stuff, so they drop him immediately, withdrew from their relationship. So what’s the image you get? That Accenture is a good corporate citizen, whose employees don’t engage in these kinds of activities? (I happen to know a couple of people from university time that now work at Accenture. If their past behavior is an indication,…you get the point.) Another view might be that as soon as one does a mistake, Accenture ends the relationship. Is that the rule for its employees? Still another might be that as soon as it gets a bit complicated and the going gets tough Accenture quits. Yet another way of interpreting Accenture’s behavior might be that as soon as Accenture can no longer profit from you, you’re out. I’m sure you have your own take on it. I highly doubt that Accenture and all the people having decided to drop Tiger are flawless.
[continue reading…]
Tagged as:
Be bold
I saw a presentation by Shaun Smith at the London Business Forum on his new book to be published towards the end of the year today.
Smith argues that a major shift is happening in business and society currently and that organizations need to become bolder, braver and more innovative to remain relevant. One can’t argue with that.
Although the ideas aren’t new (at least not to the regular readers of these pages) he had a couple of interesting examples to make his case. Let’s have a look. [continue reading…]
Tagged as:
Be bold,
Innovation
I’ll be in New York from February 16 – 19 to plan a 2 day public workshop on business model innovation together with Eric Pöttschacher from shapeshifters.
Contact me if you’d like to meet or if you want to receive more information on the workshop.
Tagged as:
Workshop
Nobody really knows actually. But here are a couple of thoughts that might help you to put things in perspective. The presentation has been viewed almost 20 000 times on slideshare…so I guess it must be of some value! 
Tagged as:
Strategy
In part 1 of the reinventing your business series, I outlined 1 general approach to business reinvention, and 7 ways to invent new markets and customer segments, we could call it “Market Innovation”.
This post will focus on your value proposition and I will describe 9 ways to value innovation and provide inspiration on how to enhance the value you offer: “Value Innovation”.
Remember, reinventing your business is a matter of switching perspectives and challenging your mental models and the “way we do things around here”. It could well be that you employ #9 already, but then pick another one that suits you better. It’s not about implementing all 25 ways at the end. But it’s about choosing those that will bring you further. Also don’t go for the easiest one. Look at the list and think about which idea irritates you the most. Why is that so? What is your mental model in that area? Why don’t you believe that something like this can work? Why do you believe that others do work? Use the ideas not only to inspire yourself and your team, but also as a way of exploring your cognitive maps.
Now let’s get started, shall we?
[continue reading…]
Tagged as:
Blue Ocean Strategy,
Business Model Innovation,
Reinvent your Business,
Strategic Innovation,
Strategy,
Value Innovation
Any goals for 2010 yet? What about reinventing your business?
Let me share 25 ways on how you can get started. This is the first post in a 3 part series on how to reinvent your business. The series is build around the who-what-how framework. Your business is defined by who you consider being your customers, what you offer them and how you do create and deliver the value proposition. Before we start, I urge you to buy a good notebook (Moleskine seems to be a favorite all over the world at the moment). Keep it with you at all times. Print the strategies outlined here and stick them into your notebook. Write down everything that comes to your mind…let’s get started…
Before going into the details, let’s start with a more general approach. [continue reading…]
Tagged as:
Blue Ocean Strategy,
Business Model Innovation,
Reinvent your Business,
Strategic Innovation,
Strategy
Some random thoughts:
- Put innovation (define the type of innovation you’re looking for) on the agenda
- Take and allow time for creativity and slack
- Encourage people to pursue ideas
- Make innovation a central topic of your training and development programs
- Allow for small scale experimentation. “Just do it.”
- Set aside resources for these experiments.
- Create and use diversity in knowledge, people and resources
- Identify your “innovation leaders”. Who’s in favor of innovation? Who’s particular innovative? Put them in charge of driving innovation throughout the company.
- Align reward systems: make innovation a part of top management’s bonuses
- Encourage risk taking
- Question everything
- Discuss innovation performance in strategy meetings
- Develop KPIs for measuring innovation efforts
- Open the strategy making process to allow for input from throughout the organization
What are your thoughts? How do you drive innovation within your company? Comments welcome!
Tagged as:
Innovation
Looking at the literature on the role of top management in innovation, one often comes across the instruction to create an organizational context enabling and driving innovation. But what does such a context look like? I went through about 100 articles and studies and summarized my findings…here they are.
First of all we have to look at the elements that constitute the organizational context and then look at the characteristics of these elements within strategically innovative companies and compare them to non-innovative companies. [continue reading…]
Tagged as:
Growth,
Innovation,
Organization
During a recent doctoral workshop at Zeppelin University on business model innovation (BMI) we had a discussion on the difference between a business model and a strategy.
Business model innovation can be seen as one outcome of strategic innovation. (Have a look at my definition for other outcomes.) On the strategy level a company makes choices about what game to play, what competitive position to conquer. The business model outlines the details of these choices, the activities to be carried out, how they fit together, etc. The business model is the detailed description of how to play the game. It describes how you will create, capture and deliver value to your customer segments.
[continue reading…]
Tagged as:
Business Model Innovation,
Strategic Innovation,
Strategy
