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Kill Your Business Model Before It Kills You

Harvard Business Review

This vignette raises a key leadership question: Why do leaders wait too long to modify or abandon their business models? Even a company as sophisticated as GE waited too long to reorient its lighting business away from incandescent bulbs. These businesses now make up more than half the company.

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Light the Fire and Clear the Path

Mills Scofield

In Jon Mertz’s new book, Activate Leadership: Aspen Truths to Empower Millennial Leaders , Jon talks about Soul Sparks: “Soul sparks are those small ignitions of inspiration that fan into big changes, new directions, or fresh works. MED tried to grow into other emerging markets, but no viable business model emerged.

Mentor 70
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article thumbnail

Light the Fire and Clear the Path

Mills Scofield

In Jon Mertz’s new book, Activate Leadership: Aspen Truths to Empower Millennial Leaders , Jon talks about Soul Sparks: “Soul sparks are those small ignitions of inspiration that fan into big changes, new directions, or fresh works. MED tried to grow into other emerging markets, but no viable business model emerged.

Mentor 70
article thumbnail

Kill Your Business Model Before It Kills You

Harvard Business Review

This vignette raises a key leadership question: Why do leaders wait too long to modify or abandon their business models? Even a company as sophisticated as GE waited too long to reorient its lighting business away from incandescent bulbs. These businesses now make up more than half the company.

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Why Silicon Valley Rules Don’t Work for So Many Older Companies

Harvard Business Review

Many of these entrepreneurial lessons have been codified in books, the new bibles for innovation — not just for entrepreneurs but also for managers looking to create new and innovative innovation businesses inside existing corporations. Unsurprisingly, the leadership at these firms will push back.

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3 Ways to Get Your Own Digital Platform

Harvard Business Review

Organizations that manage digital networks (we call them network orchestrators) are different from traditional product and service providers. How Digital Business Models Are Changing. Many big organizations even help incubate startups in their industry. Insight Center. Sponsored by Accenture. No strategy is static.

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Help Us Innovate the Innovation Process

Harvard Business Review

Innovation, in operations, products, business models and ecosystems, isn't merely a competitive advantage, it's the competitive advantage. Operational goals like productivity, predictability and alignment are woven deeply into management systems and processes. We all get it: innovation is the lifeblood of every organization.