Two authors that I enjoy reading are talking today about Business
Model innovation – a subject that I’m passionate about and often write
about. Idris Mootee wrote What
Do You Know About Business Model Innovation?, and Stefan Lindegaard
wrote about Business
Model Innovation – Big Risk, Big Rewards.
Both articles note the confusion that people have when trying to define “business model” in the context of innovation and whether it is different from your “strategy”. In my experience, if you disagree with someone’s definition of “business model”, the disagreement will typically come down to a question of scope – how narrow or broad you definition is. I personally take a very broad view and am partial to this more “fun” definition:
“How to do I separate my customers from their money?”
To read the full, original article click on this link: Innovation Minute » Blog Archive » Yes, business model innovation is innovation
Author: Innovation Minute
