Remove Business Model Remove Focus Group Remove Innovation
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Put Your New Business Model to the Test

Harvard Business Review

It's the right way to discover how the innovation will go over in real market conditions, without the risk of a national or global rollout. So here's my question: Why don't more firms employ the same approach to explore and test new business models? Anyone can map out new business model ideas on paper.

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Will We Ever Be Empowered With Our Own Data?

The Horizons Tracker

Data is the stock and trade of the digital economy today, with the standard business model being to offer free or marginal cost services to users in return for free access and ownership of the data they generate whilst using those services. This data is then monetized in a variety of ways. ” Bringing data to life.

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Your Innovation Problem Is Really a Leadership Problem

Harvard Business Review

When Karl Ronn recently said, "Companies that think they have an innovation problem don't have an innovation problem. I featured Ronn, a former P&G executive (and current executive coach and entrepreneur), in several places in The Little Black Book of Innovation , most notably for his rant against the evils of focus groups.

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31 Innovation Questions (and Answers) To Kick Off the New Year

Harvard Business Review

I thought it would be helpful to provide the list of 31 questions, and my one sentence perspective on each question, as it dovetails with my current book project (tentatively titled, The Little Black Book of Innovation.) How do you define innovation? What are different types of innovation? What is disruptive innovation?

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Capturing the Innovation Mindset at Bally Technologies

Harvard Business Review

Bally Technologies , a leading provider of gaming systems for casinos, has earned more than 60 awards for innovation in just the last four years. Through an innovation excellence framework. Innovative companies create an environment that fosters the right balance between current and future with “and thinking.”.

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Why Customer Focus Is Key For Successful Innovation

The Horizons Tracker

Steve Jobs famously eschewed focus groups in favor of telling customers what they should like, and it encapsulates the classic Henry Ford’ism that if you ask customers what they want you’ll simply develop a faster horse. In the Gillette example, the leakage potential was considerable in the razor-and-blade business model.

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How Johnson & Johnson and American Express Are Developing Young Leaders

Harvard Business Review

In 2016, former American Express CEO Ken Chenault tasked chief human resource officer Kevin Cox with finding new opportunities that would drive innovation and revenue growth. What might business models of the future look like? It just goes to show that high-pressure settings can often elicit new and innovative ideas.