article thumbnail

How to Compete Like the World’s Most Innovative Leaders

Skip Prichard

So one thing to emulate is to devote time peering into the future to understand: 1) key trends and how they will influence customer preferences, and 2) the emergence of new technologies and business models and how they will enable companies to deliver new value. 2010): 253-269. [6] and we like to stick to our knitting.

article thumbnail

Should Big Companies Give Up on Innovation?

Harvard Business Review

Start-up companies tend to cluster in industries favored by venture capitalists (like biotechnology or information technology) or ones where there are relatively low barriers to entry (like restaurants). The integrated business model will be difficult for competitors to copy, but Medtronic knows it has to keep pushing.

article thumbnail

A Quiet Revolution in Clean-Energy Finance

Harvard Business Review

It's easy to see why VCs have soured on the sector: the traditional VC model is based on high-risk, capital-efficient business models with the potential for huge exit valuations. Their behavior displays promising parallels to the early days of the biotechnology industry.

Energy 11