In today's business landscape, sustainability is no longer a choice, but a necessity. Companies that fail to adopt sustainable practices risk being left behind by their competitors. Richard Stechow (BMI Lab) shares valuable insights on sustainability in business in an interview with Vera Hermes for the Haufe Academy's sustainability program.
The experience of recent years shows that companies often overestimate the value of their own data and their own ability to generate revenue from it. In practice, very few companies can establish a sustainable business model based on data. This blogpost describes the characteristics of data-driven business models, explains which companies are suitable for them, and illustrates the approach to developing them.
Designing successful business models is a craft and not an art – with a suitable methodology, the right toolset and mindset business models can be innovated systematically. The methodology represents a crucial success factor in the process of business model innovation. The third blog post in our innovation basics series briefly explains the business model navigator methodology and its four main phases.
Competition in business is similar to sports competitions – there are winners and losers. But what is the “secret sauce” of winning athletes and companies? Is it just pure talent, work ethic, sponsoring, vision and training? The second blogpost in our innovation basics series explains why innovation is a core prerequisite of competitive advantage and how to determine the expiration date of a business model.
Every profit-oriented organization has a business model – its consistency and basic logic largely influence the overall success of an organization. However, very few managers are able to explain their company’s business model ad-hoc, and even fewer can define what a business model actually is in general. This first article of our innovation basics series provides you with a broad definition and makes you familiar with the concept of the so-called “Magic Triangle”.
Urban Mobility is an industry with a long history, but it is also one of the most dynamic industries in recent years. Mobility providers and decision-makers must adapt to new demands, be more flexible, and focus on customer-centric needs. Get our take on new mobility and learn more about our view on five new business models in urban mobility.
What do eight out of ten of the most valuable companies worldwide have in common? They are built upon a platform business model. Platform companies have been able to outperform traditional businesses by establishing themselves as digital intermediaries. Curious to learn more? Read about the Platform Navigator - a proven tool to design and implement platform business models.
There is a growing interest among companies in what are the new key trends in order to stay ahead with the emerging technologies and evolving business models. In this blogpost, the focus will be on the relevance of the key new 2022 trends to take inspiration from for your business strategy so that you can also be successful in the long run.
Newsletters have been around for many many years. With the rise of email marketing in the early 2000’s, sending news became more common. Yet, in the past years new types of online publishing platforms have appeared with a focus on specific topics. Following this trend, we wanted to share our current most popular selection of newsletters.
The world is becoming more and more interconnected. Already today, cyber-physical systems such as robots, autonomous vehicles, logistic systems and automated production systems are dominating large manufacturing halls. In this blog post we discuss different types of AI and show opportunities emerging from connected business.
While some of us will try to overcome the Zoom-Fatigue by disconnecting from the digital world, others prefer to stay connected and enjoy good, insightful content. There are over 48 million podcasts available from over 2 million shows worldwide! We think this is just the beginning, therefore, we decided to list our 7 favorite podcast shows about innovation and entrepreneurial mindset to listen to this summer.
The adoption of Equipment as a Service (EaaS) business models is accelerating. More and more industrial companies bundle their products with services. In response, the St. Gallen EaaS Navigator explains 66 fundamental patterns that are core to EaaS business model innovation. In this blog post we explain how to apply the methodology to your business model.
For the past decades, companies defined their strategy with a traditional approach. However, the necessary exploring and testing of alternative options was usually not perceived as invigorating but as disturbing. In this blog post we shed light on how these shortcomings can be overcome by a new methodological approach: strategic agility.
5G technology has the potential to disrupt our industry – if adoption finally begins taking off. But how do you develop successful business models for new technology in an immature market where the roles of all players are yet to be defined? We answer this question in our new blogpost – applicable to all disruptive technologies.
In her book The Digital Transformers Dilemma, BMI Lab co-founder Karolin Frankenberger analyzed 100+ legacy businesses that managed to “Uber themselves before they got Kodak’ed”. Based on her insights, we explore how established companies can execute a digital transformation successfully – and what role business model innovation plays on this journey.
At the beginning of 2021, we are mostly used to the new digital reality, yet many still feel that online meetings might be appropriate for coordination but not suitable for ideation. In this blog post, we want to share our learnings on how to plan and execute a successful remote ideation session - from the ideal group size, our favorite collaboration tools to the dos and don'ts of virtual whiteboards and icebreakers.
The fashion resale market is booming. By 2029, it is forecasted to reach a value of $80 billion, doubling the size of fast fashion. As used clothing is taking over our wardrobes, we have decided to explore the phenomenon of resale from a business model perspective – and investigate how it can be applied to other industries.
More and more companies are looking for ways to innovate their business models in order to create sustainable alternatives to current solutions. Implementing a circular ecosystem that solves an environmental problem while offering an attractive value proposition to customers is the ultimate goal. In the following article, we take a deeper look at the steps needed to design a circular business model.
