Model #3 – Platforms and Ecosystems Part Three of a Five-Part Series The past few weeks we’ve been discussing business model innovation – a topic many of you have asked about. The first two posts covered Accelerators and Incubators (here) and Premium, Personalized, and Service-focused models (here). Today we look at Model #3 – Platforms…
Model #2 – Premium, Personalized, and Service-focused Part Two of a Five-Part Series Our blog series about business model innovation continues… In case you missed it, you can read part one about Accelerators and Incubators here. Today we look at Model #2 – Premium, Personalized, and Service-focused. This model is all about catering to customers…
Model #1: Accelerators and Incubators We’ve been receiving more and more inquiries lately about business model innovation. Companies recognize that their current models are becoming less effective, and that new upstarts are changing the game. It’s a fact: the lifespan of business models is shrinking, and companies cannot afford to stand still. The challenge is…
Why would customers choose your product over competitors? You guessed it, the total experience. Not the brand, product features, quality, or price, though these are important. Ultimately, service is what transforms a product into an experience. Service comes in many different forms. Customers shift between channels — phone, email, chat, in store, social media, etc.…
Interested in the topic from Cheryl Perkin’s May 9th THINC 2019 keynote presentation? You can find the details in the Innovationedge Insider Briefing Report – Five Business Models for Sustainable Growth.
…
The meatless trend is sizzling hot, as plant-based burgers take the world by storm. But is this a passing fad or megatrend with long-term implications for Big Food and CPG? Beyond Meat ’s (BYND) IPO is the biggest newsmaker. On May 2nd, BYND began trading on the Nasdaq exchange; the first trade was at $46 which was 84% above…
When it comes to e-commerce, Amazon presence is a must for retailers and manufacturers. With 8 million U.S. visitors per day, the exposure is unparalleled. But putting all your eggs in the Amazon basket can be risky. The game rules often change, fees can be steep, and margins can be slim. The latest twist is…
Innovationedge is asking Insiders and subscribers to participate in an innovation pulse survey. The short survey will allow them to share their perspective and provide valuable insights. Survey results will be shared with respondents including a summary of: Primary targets for innovation efforts Types of innovation focused on Measuring innovation success Barriers to innovation success…
Cheryl Perkins will be keynoting this year’s THINC! Conference on May 9 at UWO – Fox Valley. In her presentation Cheryl plans to discuss how businesses need to achieve innovation at both the product level and the organizational level in order to grow. The event also features the announcement of who won this year’s Insight…
We recently attended the International Home + Housewares Show (IH+H) held in Chicago, IL March 2-5. McCormick Place was filled with the latest products from over 2,200 suppliers. The Show is attended by nearly 60,000 industry professionals. Our first stop was the Pantone exhibit to explore new color trends and explore key visual merchandising concepts. …