Alex Osterwalder - Competing on Business Models - Nordic Business Forum
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Published 2018-05-07
"There are business models out there that will disrupt industries with a completely different way of working. If you’re competing on products and technology alone, good luck – your risk. Think of competing on business models," emphasized Alex Osterwalder, the inventor of the Business Model Canvas, in his keynote at Nordic Business Forum Norway in January.
Key points:
• Business models and value propositions expire faster than ever before, so constantly innovation is crucial.
• 4 out of 100 innovations actually become successful - innovation without failure doesn’t exist.
• Every CEO should spend at least 1-2 days of their week concentrating on innovation.
Innovate not only on products and technologies but business models as well.
Questions to consider:
• Are you focusing on innovation?
• Does your company have a portfolio of new ideas and innovations?
• Are you competing beyond products, prices, and technologies?
• How can your company innovate on business models?
You can also find a written summary of the keynote at www.nbforum.com/event-summaries/
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