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.
Our 7 Favorite Newsletters
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.
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.
Equipment as a Service: Exploring the St. Gallen EaaS Navigator
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.
How to create business models for 5G - and other disruptive technologies
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.
How to fight climate change with innovative business models
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.
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.
The Rise of Second-hand: Exploring the Opportunities of Re-commerce
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.
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.
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.
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.