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What do Blue Lobsters Have to do With Innovation? Everything!

Mills Scofield

Blue Lobster at the South Bristol Coop , 2004. They think they’re innovative because they make something in green instead of just red, but they stick with their industries, markets, customers, and (usually dying) business models. What’s with blue lobsters? Well, a blue lobster is rare, about 1 in 2 million , and very beautiful.

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What do Blue Lobsters Have to do With Innovation? Everything!

Mills Scofield

Blue Lobster at the South Bristol Coop , 2004. They think they’re innovative because they make something in green instead of just red, but they stick with their industries, markets, customers, and (usually dying) business models. What’s with blue lobsters? Well, a blue lobster is rare, about 1 in 2 million , and very beautiful.

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New York Label & Box: A Deming-Inspired Company

Deming Institute

Guest post by John Hunter , author of the Curious Cat Management Improvement Blog (since 2004). Steven Haedrich, President New York Label & Box: Essentially, our business model is founded on Deming’s chain reaction , which says, when you improve quality, costs go down, because of less rework and more efficiencies.

Deming 38
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Business Model Innovation the Red Sox Way

Harvard Business Review

Of course, a track record of recent success, including two World Series titles (the one in 2004 ending a famous 86-year drought) and six trips to the playoffs in nine years hasn't hurt. The ownership has introduced other business model innovations. Systematically evaluate business model options. Or can you?

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Yelp's IPO Will Test the Flaws in Its Business Model

Harvard Business Review

When Yelp began in 2004, this would have been a devastating prospect. Yelp and Angie's List follow very different business models. Angie's List charges readers to view its content, while Yelp's reviews can be accessed for free (and the company makes money by allowing businesses to advertise).

IPO 15
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Why Nordstrom’s Digital Strategy Works (and Yours Probably Doesn’t)

Harvard Business Review

Making Money with Digital Business Models. Then, between 2004 and 2014, Nordstrom made an extraordinary series of investments, each aimed squarely at that same purpose of providing a fabulous customer experience. It’s time to get serious about defining the purpose of your digital business model.

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Three Headwinds for Facebook's IPO

Harvard Business Review

When I logged into the site for the first time in the spring of 2004, I was prepared to hate the service. Facebook even amended its S-1 to acknowledge to acknowledge the risks to its advertising business from increasing adoption of the mobile format. It was just weeks until Zuckerberg's addictive platform won me over.

IPO 13