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How the Internet of Things Changes Business Models

Harvard Business Review

As the Internet of Things (IoT) spreads, the implications for business model innovation are huge. Filling out well-known frameworks and streamlining established business models won’t be enough. Albert Shum , Partner Director of UX Design at Microsoft, notes: “Business models are about creating experiences of value.

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Can We Quantify the Value of Connected Devices?

Harvard Business Review

In the 1990s, Procter & Gamble’s Product Supply Organization kicked off a major Reliability Engineering program, much like the efficiency initiatives of companies such as Toyota. These companies’ valuation of their data assets begins with a commercial business case. Sound familiar?

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The Ideas that Shaped Management in 2013

Harvard Business Review

McKinsey may have been hired in 2013 by the Vatican, the Bank of England, and the owners of the Rangers and Knicks, but they’re also acting to stave off threats to their business model. How Google Sold Its Engineers on Management. Why the Lean Start Up Changes Everything. Tours of Duty: The New Employer-Employee Compact.

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How Marketers Can Connect Profit and Purpose

Harvard Business Review

It takes time for a big idea to make its way into business practice. Six years ago, Harvard’s Michael Porter and FSG’s Mark Kramer made the bold statement that shared value — the idea that the purpose of a company is to achieve both shareholder profit and social purpose — would “reinvent capitalism.”

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The Internet of Things Is More than Just a Bunch of Refrigerators

Harvard Business Review

Here’s a look at a tiny, tiny slice of it: Those are a couple of dozen air quality sensors located around Boston, as documented by Thingful , a search engine for publicly available Internet of Things things (including sharks !). We’ve suggested that the Internet of Things can change business models.

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