I’m back after taking a break last week for the Memorial Day holiday here in the US. As, always I’m looking to share with you quality information that helps increase our business development skills, enhance our level of business model innovation, and ultimately the quality of our professional relationships. While I never going into depth about the finds, I encourage you check them out if they sound interesting.
This approach to planning one’s actions completely syncs with the business model innovation framework that I’ve become a practitioner of thanks to works like Business Model Generation (BMG). See if the quote from this post rings familiar.
“Agile strategic management is the process of developing and adjusting strategies as needed based on live data and new insights.”
Cultivated and proven in the software development industry this mindset works especially well in flat organization that are fully engaged and focused on executing their top priorities. They have absolutely no fear when it comes to creating, building, and re-engineering their business models. Why is this? Because they understand their passion, are confident in what they do best, and realize that continuous authentic feedback from their target community is the only way to truly understand core issues. Some of which they can hopefully alleviate.
Consumers love it; Investors love it too; Content Creators, Aggregators, & Cable Companies… well let’s just say the jury is still out. But in true entertainment fashion the show must go on, so they all are playing nice… for now. This video post is of Reed Hasting, CEO of Netflix – the Internet enabled video subscription service – being interviewed at the recent All Things Digital conference. Their business model is one of simplicity. Get more customers, more money is made, invest it in content rights acquisition improving the entertainment menu, and as a result get more customers. About as basic as it gets… of course there is that whole quality of service (QoS) requirement, not surprisingly they haven’t neglected their operations infrastructure.
Who better to ask this question of than Marc Andreersen. He conceptualized the first browser in the early 1990 (eventually licensed by Microsoft as the base for IE), recreated the entire concept which became Netscape Navigator, and released Mozilla an open source browser better known as Firefox. This is another interview from the All Things Digital Conference.
It’s been ten years since Good to Great was published. In this post John Steen shares how he re-bakes the book’s core lesson to help teach his executive strategy course. We are all familiar with the works core principal, which is to become the master in executing a process. In John’s opinion the real trick is creating a balance between disciplined focus on core business as well as a providing space to explore new opportunities. The reason for this is that external environments continuously change and thus the forces on a business are never static.
Jim Louderback and Brain Sois talk about community-driven content and the ability to cater to real-time, interest-based extended communities. And in particular how web video is taking on a new shape powered by social and the 3 screens (mobile, PC, and TV).