While I never going into depth about the finds, I do encourage you check them out if they sound interesting.
The essence of a business model is that it defines the manner by which a business delivers value, entices payment for the value, and ultimately converts those payments to profit. It all starts with a hypothesis about what a particular market needs/wants but is quickly converted to an actuality, not necessarily the one originally envisioned, when it hits the light of reality. The question put forth in this post is:
- Is real-world verified information best incorporated into going concerns via strategy adjustments or business model innovation?
- Or, better yet are business model innovation and strategy development/application one in the same at the operating level?
Have you ever noticed that “TV is the only medium touched by the Web that isn’t crushed by it – it rolls it in” says Kevin Roberts in this Blogging Innovation post. I attribute this to the fact that lean-back and lean-forward are after all not mutually exclusive. This started coming to light in the late 1990s while I was at Showtime. Showtime, and other televised entertainment research, showed that the early adopters utilized both during their leisure time. At that time no one envisioned the blurring of the boundaries that are pointed in this post. I guess we best get back to reworking the business models… or is it strategy?
To see the other three visit the full post on my offical blog DonaldMcMichael.com