The BMI Lab Blog — BMI Lab | We futureproof your business.

Richard Stechow

The new Platform Navigator: How to Design and Implement Platform Business Models

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.

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Our 7 Podcast Recommendations about Innovation and Entrepreneurial Spirit

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.

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How to explore the full potential of digital transformation through innovative business models

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.

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How to develop innovative ideas together – online

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.

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COVID-19: The digital transformation catalyst of banking business models

The banking industry faces change, probably in a never known pace and relevance than before. Our joint report together with Microsoft on "Boosting the innovation of banking business models” indicate why the need for exploring new business model opportunities is relevant and how to act and accelerate the exploration of technology-driven and digital business models for financial institutions.

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The 5 steps for implementing digital business models

The increasing popularity of creativity methods such as Design Thinking and the St. Gallen Business Model Navigator have led to a state where companies are now well equipped to generate many innovative ideas. The better the first step of business model innovation is mastered, the clearer it becomes that the true challenges for companies lie in the following phases: translating ideas into validated business model concepts and turn them into profitable businesses.

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Business Models – Definition and Reason

When you read about anticipated changes due to IoT, Industrial IoT, or Industry 4.0, you inevitably come across the term business model. Usually, it is the conclusion based on the changes anticipated by the IoT: You have to innovate or change your business model. But more often than not, that’s all you get and you’re left by to figure out how to do that on your own. This blog post was created to help guide you through that process in the context of IoT. It provides you with a more complete picture of the changes that IoT will have on business models and subsequently all businesses.

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