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.
Alex Osterwalder shares his insights about some overlooked applications for the business model generation canvas. The primary observation is that in business, unlike the sciences, we are trained to find solutions very rapidly and typically exclusively focus on implementing the first that is unearthed. As Alex explains, before falling in love with our first idea, we should create several alternatives just to think at different options.
Amazon is a well-known and recognized top line innovator. According to this post on the blog “The Renaissance Innovator” their true financial success revolved around innovations in the product delivery process. Yes, we all know that they were on of the first Internet book retailers but it is how they leveraged technology to improve the cash and inventory management cycle that sets them apart from many failed venture – both physical and virtual.
Frederic Filloux take a closer look at the metered model by pulling back the cover and analyzing it on a segment-by-segment basis. The conclusion is that if we get past our human bias of wanting to prove that we are the most liked – think unique visitor counts – and perceived advertisers desire to have a broad reach more profitable per unit options appear. Options that are based on user behavior and thus focus efforts on activities that attract the best margin consumer while forgoing unnecessary costs.
This Forbes post is a review of the June issue of Harvard Business Review, which is exclusively focused on the state of business innovation.
The following quote sums up the premise of this post.
“As individuals we relate to our complex, uncertain and foggy world not only through our senses, but also through ways of making sense of what our senses sense. These ‘ways of seeing’ can be thought of as ‘mental models’, and our minds are filled with them, whether we are aware of it or not. In today’s complex environment, the most successful thinkers can quickly and effectively abstract the best qualities of radically different ways of seeing from others and apply them to the situation at hand. In doing so, these thinkers develop an ‘adaptive lens’ on the bewildering phenomenon we call the world.”
– Mihnea Moldoveanu and Roger Martin