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A Better Way to Think About Your Business Model

A Better Way to Think About Your Business Model | Disruptive Entrepreneurship & Innovation | Scoop.it

How Nespresso used a simple business model canvas to change face of the coffee industry.

 

The business model canvas — as opposed to the traditional, intricate business plan — helps organizations conduct structured, tangible, and strategic conversations around new businesses or existing ones. Leading global companies like GE, P&G, and Nestlé use the canvas to manage strategy or create new growth engines, while start-ups use it in their search for the right business model. The canvas's main objective is to help companies move beyond product-centric thinking and towards business model thinking.

 

To start, it lets you look at all nine building blocks of your business on one page:


Via Marylene Delbourg-Delphis
Russ Merz, Ph.D.'s insight:

A handy tool for keeping all of the key components of the business model in mind.

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Peter (PJ) Fulcher-Meredith's curator insight, May 6, 2013 5:31 PM

Why can't business always look for the simple way of expressing what are usually complex concepts. As I thinki Albert Einstein once said, "make things simple but not simpler." These charts become talking sticks, home bases around which the complex and necessary conversations take place. These charts provide the focus and the context.  What a beautiful thing!

Raquel Oliveira's curator insight, May 7, 2013 5:42 PM

Canvas é muito prático mesmo ! Business Model YOU está aqui na fila de leituras.

ppmartin's curator insight, May 10, 2013 10:43 AM

Clever

Disruptive Entrepreneurship & Innovation
Entrepreneurship based on "blue ocean" principles, i.e., "disrupting and changing the rules of the game".
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What Will the Internet Look Like in the Next Century? - Marketing Technology Blog

What Will the Internet Look Like in the Next Century? - Marketing Technology Blog | Disruptive Entrepreneurship & Innovation | Scoop.it

To think that my children are growing up in an age where the Internet was always here is quite amazing. The fact that we’ve moved from simple dial-up to having dozens of devices in our homes that are connected, recording, and helping us navigate daily is incredible. Thinking 100 years from now is well-beyond my vision. With the explosion of mobile and our devices getting more and more powerful, I can only guess that displays will be everywhere and our mobile devices will be all we have aside from the cloud.

 

No doubt everything will be connected and optimized. Our refrigerators will automatically toss our food and get everything delivered, by recipe, for our planned meals. Our cars will be driving themselves. I can only imagine some of us will even have volunteered to be wired full times – perhaps with devices implanted for recording our visual and audio as needed. We’ll have some kind of projection device to bring up our applications or messaging wherever we are – with audio and video streaming without issue. Perhaps fold-up or rolled-up displays will be in our backpacks.

 

I suppose we’ll also have the bad, too. A black Internet that’s the very scariest of anonymous humanity waiting to provide you anything you need at the literal blink of an eye. Ok… I don’t want to think about this anymore.

 

Russ Merz, Ph.D.'s insight:

A speculative glimpse at the internet of the future.

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Demographics, Wealth, Resiliency Add Up To More Over-Fifty Entrepreneurs

Demographics, Wealth, Resiliency Add Up To More Over-Fifty Entrepreneurs | Disruptive Entrepreneurship & Innovation | Scoop.it

What’s a classic profile of an entrepreneur? Smart, prone to risk and under the age of thirty. 

Steve Young of StreetWizeTechnologies personifies some of those qualities, except he’s a 56-year old starting a new business aimed at older motorcycle riders.

Young takes his fiery orange Harley Davidson touring bike out for a spin near his shop in Nashua. Soon he’ll install a product in the bike that you can’t see: a hidden third wheel. 

He and a business partner are marketing what he calls a dual glide conversion kit for a specific type of customer.

Russ Merz, Ph.D.'s insight:

The changing demographics of entrepreneurship.

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Innovation Excellence | SMEs Risk Becoming Collateral Damage in “Innovation Wars”

Innovation Excellence | SMEs Risk Becoming Collateral Damage in “Innovation Wars” | Disruptive Entrepreneurship & Innovation | Scoop.it
SMEs are helplessly squeezed between tech start-ups and global corporations in this battle. SMEs should start their innovation engines, imagine their exciting futures and capitalise on these new disruptive technologies. The alternative is to become collateral damage in the crossfire between the faster and the mightier.
Russ Merz, Ph.D.'s insight:

Good advise for #SMB that want to avoid the squeeze between large global organizations and tech start-ups that aim to disrupt existing business models.

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Jill Lepore: What the Theory of “Disruptive Innovation” Gets Wrong

Jill Lepore: What the Theory of “Disruptive Innovation” Gets Wrong | Disruptive Entrepreneurship & Innovation | Scoop.it

Clayton Christensen’s theory of “disruptive innovation” is founded on anxiety, fear, and shaky evidence.

Russ Merz, Ph.D.'s insight:

For students of "disruptive innovation" and "creative destruction" a thought provoking article that suggests Christensen's "theory" is tautological and unable to make predictions.

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Uber Sees Surge in Users as Cabbies Clog Streets in Protests Across Europe

Uber Sees Surge in Users as Cabbies Clog Streets in Protests Across Europe | Disruptive Entrepreneurship & Innovation | Scoop.it

Streets across London, Paris, Berlin, Madrid, Milan and Lisbon are at a standstill. Is it the end of the world? No; but for cabbies, it might be.

Today, thousands of licensed cab drivers across major European cities are protesting private transportation app Uber, which has been stealing away business from London's black-cab drivers and hundreds more in what Uber has called "healthy competition" in an industry that has been unchanged for decades.

The San Francisco-based startup now operates in more than 100 cities in 37 countries with a value of $17 billion, but it's not alone. Similar apps like Hailo and Kabbee use private-hire drivers with their own vehicles to pick up passengers, who can arrange for a car at the touch of a screen. The original service has spawned lower-tier options as well, including UberX and now UberTAXI, which the company launched in response to the London protest and allows users to virtually hail a London black cab. 

But besides putting more control in consumers' hands, Uber is facing claims from local companies and governments that the service evades local taxes and licensing laws, putting regular cabbies at a disadvantage.

Russ Merz, Ph.D.'s insight:

Disruption from the sharing economy puts consumers in control.

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This Nigerian College Student Built a Wind- And Solar-Powered Car From Scraps

This Nigerian College Student Built a Wind- And Solar-Powered Car From Scraps | Disruptive Entrepreneurship & Innovation | Scoop.it

Segun Oyeyiola took a Volkswagen Beetle and turned it into a fully renewable off-road vehicle. He's not going to stop working on it until it becomes the future of driving in Nigeria.

 

When it comes to the success of the electric car, billionaire Elon Musk is viewed as nothing short of a miracle worker. But roughly 8,000 miles away from Tesla's Palo Alto headquarters, Segun Oyeyiola has also managed to make something extraordinary on a smaller scale. The engineering senior at Nigeria's Obagemi Awolowo University spent a year retrofitting a Volkswagen Beetle into a wind and solar-powered car, partly made of free scrap parts donated by friends and family. Everything else cost under $6,000.

There's little question as to why Oyeyiola, who is taking his finals in the next two weeks, would devote so much of his extra-curricular time and resources to the project.

 
Russ Merz, Ph.D.'s insight:

Ingenious example of #sustainable #technology.

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Marc Kneepkens's curator insight, May 10, 9:21 AM

Cool! More creative inventors and the media talking about it is what we need.

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Framework: Collaborative Economy Honeycomb | Web Strategy by Jeremiah Owyang | Digital Business

Framework: Collaborative Economy Honeycomb | Web Strategy by Jeremiah Owyang | Digital Business | Disruptive Entrepreneurship & Innovation | Scoop.it

The Collaborative Economy enables people to efficiently get what they need from each other. They use powerful technologies that enable Crowdfunding, Peer-to-Peer lending, the Maker Movement, and the Sharing Economy. If you look closely, the crowd is becoming like a company: self funding, designing, producing, and sharing what they already have.

 

Similarly, in nature, honeycombs are resilient structures that efficiently enable many individuals to access, share, and grow resources among a common group. Various types of bees work in a collaborative manner to feed, care, and grow offspring and grow the colony.  Furthermore, the honeycomb structure spreads the load across the structure, wastes little in it’s design, and are easy to replicate at scale.

 

In this visual representation, this economy is organized into 6 discrete families (goods, services, space, etc), 14 sub-classes (bespoke goods, personal services, workspace, etc) and dozens of example companies (Airbnb, Uber, Shapeways, etc). In prior taxonomies, there were five families, but now we’re seeking rapid growth in the food sector, which deserved it’s own hexagon.

 
Russ Merz, Ph.D.'s insight:

With this thoughtful descriptive framework, Jeremiah Owyang has synthesized a new vision of the future of business.

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Laura Hansen's curator insight, July 22, 1:22 PM

What we are seeing now is a natural restoration of a functional community. We're rehabilitating from the consumer/extraction model. This model wasn't designed to build communities. It was designed to extract as much as possible from the community in the shortest amount of time without anyone noticing.

 

We are rebuilding our communities from the ground up. If we remain mindful, never again will corporations be the mastermind of a community. If we all pitch in, we have good days ahead.

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Innovation Excellence | Infographic – Are MOOCs a Waste of Time?

Innovation Excellence | Infographic – Are MOOCs a Waste of Time? | Disruptive Entrepreneurship & Innovation | Scoop.it
The MOOC, or massive open online course, has taken the spotlight in recent educational debate. Growing popularity and high enrollment rates are forcing many universities to take a second look at their non-involvement. Let’s explore just what these courses are and if they’re a worthwhile addition to the span of higher education.
Russ Merz, Ph.D.'s insight:

Despite the disruptive impact of #MOOCs on higher education, the jury is clearly out on their value to students. See this infographic that summarizes some key stats about #MOOCs.

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This New Vehicle Combines Biking, Running, And Skiing For A Truly Crazy Urban Commute

This New Vehicle Combines Biking, Running, And Skiing For A Truly Crazy Urban Commute | Disruptive Entrepreneurship & Innovation | Scoop.it

Meet the Halfbike, a new way to power yourself to work--more comfortable than a bike and less dorky maybe? than a Segway.

 

Looking a little like a reinvented unicycle with training wheels, the new Halfbike is a different take on urban commuting: It’s small enough to fit on a subway car or an elevator, and possibly even more fun to ride than a regular bicycle.

 

“I wanted to create a very compact and simple vehicle,” says Martin Angelov, the designer of the bike and co-founder of Kolelinia, the company that’s crowdfunding the design nowon Kickstarter. “I love to optimize things, so I made a concept with the standing position being a key part of it. It started as a hobby playing with some old bicycles and components I found in the attic.”

Russ Merz, Ph.D.'s insight:

This is a cool invention. It might need a better brand name though...

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The Collaborative Economy Is Exploding, And Brands That Ignore It Are Out Of Luck

The Collaborative Economy Is Exploding, And Brands That Ignore It Are Out Of Luck | Disruptive Entrepreneurship & Innovation | Scoop.it

Rides, houses, power tools: You can share almost anything today, and the number of people sharing is growing every day. If you're a company that only sells to consumers and doesn't help them share, you may want to rethink your plans.

 


The so-called "collaborative economy" is gaining steam, as people increasingly choose to share and crowdsource goods, services, funding, transportation, and more. And if brands don't adapt soon, they'll be left behind.

 

That's the takeaway from Sharing is the New Buying, the first-ever large scale look at the participants in the collaborative economy. A collaboration between the brand councilCrowd Companies, Jeremiah Owyang, and Vision Critical, a cloud-based customer community platform provider, the report surveyed more than 90,000 people in the U.S., U.K., and Canada to find out how and why people participate in the growing movement.

 

The first step in analyzing the report is to define the term "collaborative economy". Owyang, a long-time tech industry analyst, defines it as the convergence of three ideas: the sharing economy, the maker movement, and the "co-innovation" movement. This is a fairly broad definition, which includes everything from ridesharing to 3-D printing to crowdsourcing designs for new products. "The big trend here is that the crowd is empowered to get the physical world from each other rather than buying it from brands," he says.

Russ Merz, Ph.D.'s insight:

A brief summary of the compelling report "Sharing is the New Buying" which documents the first large scale study of the #Collaborative Economy. Is this the direction of the future? The implications are huge for brands and companies everywhere.

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The Entrepreneurial Spirit of Millennials | SmartData Collective

The Entrepreneurial Spirit of Millennials | SmartData Collective | Disruptive Entrepreneurship & Innovation | Scoop.it

Millennials get a bad rap. The media thrives on negativity, and so naturally the upcoming generation is depicted as bunch of coffee-swilling hipsters who spend more time posting images of their breakfast on Instagram and tweeting banalities than doing anything useful for society. But, a comprehensive surveyfrom Deloitte paints a different picture of the generation that came of age around the turn of the millennium.

Millennials are certainly different from the hard-working prior generations, for whom loyalty to a company and careful saving was seen as the route to success; the report reveals that people in their 20s and early 30s are far more likely to want to start a business than work their way to the top of an established enterprise. Millennials have different priorities, with many stressing innovation, creativity, and having a positive influence on society as core concerns. The sectors that they think are most active in innovating are technology, media, and telecommunications. 70% of those surveyed said that they wanted to start their own businesses.

Russ Merz, Ph.D.'s insight:

An interesting article about a Deloitte study that reveals how the millennials' access to infrastructure as a service (IaaS) and their comfort level with the #cloud speeds up the innovation process and reduces perceived entrepreneurial risk.  

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Growth Hacking – The Art of Getting More Traffic - Positionly Blog

Growth Hacking – The Art of Getting More Traffic - Positionly Blog | Disruptive Entrepreneurship & Innovation | Scoop.it

Growth hacking guide - definition and techniques. Check out how to boost your marketing and get more traffic to your website.

 

If there’s one thing the world of technology, business and marketing love it’s a buzzword and this year’s so far it appears to be the term growth hacking, So what is a growth hacker, what does it mean and why could hiring (or being) one make all the difference to your business?

 

Let’s find out.

The Struggle of the Start-up Phase

A growth hacker is someone whose skills lie in growing a business. According to Sean Ellis, many companies in the start-up phase have a tendency to take on people that have skills that are irrelevant to the business at that particular point in time. By taking on a growth hacker, a business has someone with the skills to ensure that they can drive sustainable growth, rather than short-term.

A growth hacker can:

Be responsible for early growthTweak products and services to ensure the best value to the clientFind sustainable business/clientsUse automation/intelligence tools to enable a scalable businessPrioritiseUse creativity and analytical thinking
Russ Merz, Ph.D.'s insight:

This article provides the reader with a good definition and discussion of the roles played by "growth hackers" in early stage ventures. 

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Want Better Product Innovation? Here are 10 Digital Customer Activities You Should be Watching

Want Better Product Innovation? Here are 10 Digital Customer Activities You Should be Watching | Disruptive Entrepreneurship & Innovation | Scoop.it

When you focus on what matters most to your customers, you focus on what matters most to your bottom line.

Continue to surprise and delight your customers, and they will become your brand champions, your roadmap inspiration, and a valuable source of repeat revenue. What your customers do and why they do it are the most important pieces of information for any product or retention marketing team. With the right combination of data, user insights, and thoughtful leadership, you can zero in on innovation that truly moves your product – and business – forward.

Build Your Roadmap with Analytics and Insights

KISSmetrics provides deep analytics into who your customers are and what they are doing on your website. Here at UserTesting, we find that when this deep data is paired with in-person user research, you can uncover many significant insights.

By watching people use your site, you can hear them explain the logic behindwhy they chose to click where and when they clicked. It’s incredible how the excitement (or frustration) of a customer attempting to complete a task on your site will motivate you to rethink your team’s roadmap.

By incorporating qualitative feedback with data analysis, you’ll find many ways to improve your customers’ experiences online. To help you get started, I’ve outlined ten different scenarios that could lead to higher engagement, affinity, and ROI.

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Wearable tech - social media data graphic

Wearable tech - social media data graphic | Disruptive Entrepreneurship & Innovation | Scoop.it

If I said ‘wearable tech‘ to you, what would you think of?

With big names like Google Glass and the imminent release of the iWatch hitting the headlines almost daily and wrists everywhere modelling fitness trackers like the Fitbit and the FuelBand, it wouldn’t take you long to conjure up an example.

 

A couple of years ago, technology that you’d wear every day to enrich your day-to-day life was not exactly widespread.

The last two years has seen a massive surge in the production of wearable technology products and what was once deemed as futuristic geekdom is now pretty common stuff.

There’s a lot said about wearable tech, and what one journalist writes off as ‘over-hyped’ is another’s game-changer. It can be tough to work out whether people seem to think wearable tech is a great idea, or whether they aren’t actually keen.

Russ Merz, Ph.D.'s insight:

#Wearable Technology may be gaining traction...but its still hard to tell. You be the judge, see the infographic for trends and stats.

 

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Has ‘Disruptive Innovation’ Run Its Course? Not Yet…-- K@W

Has ‘Disruptive Innovation’ Run Its Course? Not Yet…-- K@W | Disruptive Entrepreneurship & Innovation | Scoop.it

According to one critique, the concept of disruptive innovation has been allowed to run amok. Is it time to question how the term is being applied?

 

The father of the theory of disruptive innovation, Harvard Business School professor Clayton M. Christensen, who coined the term in his 1997 book, The Innovator’s Dilemma, has offered an initial response to the criticisms in aBloomberg Businessweek interview. In that piece, Christensen calls Lepore’s article a “criminal act of dishonesty.” He goes on to say that Lepore broke “all of the rules of scholarship that she accused me of breaking — in … truly egregious ways. In fact, every one — every one — of those points that she attempted to make [about The Innovator’s Dilemma] has been addressed in a subsequent book or article. Every one! And if she was truly a scholar as she pretends, she would have read [those].”


Lepore’s polemic may or may not signal the beginning of the end for disruptive innovation as the knee-jerk answer to all institutional ills, but it has undoubtedly given great energy to the discussion of what was once a discrete and considerably more modest theory. “I do think this interaction is healthy in that we are all talking,” says Wharton management professor Rahul Kapoor. “It serves perhaps to discipline the use of the term and the application of the term … closer to what the research meant.”
Russ Merz, Ph.D.'s insight:

The concept appears to be more a matter of degree rather than an absolute. Clearly, the concept needs fleshing out with more attention devoted to definitional clarity, typology development and empirical validation. What is it exactly? Business model change? Technology displacement? Both? And what are the predictive effects at the firm, and industry levels of analysis? All questions that need answers in the debate.

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Innovation Excellence | What to Make of Jill Lepore’s Attack on Disruption?

Innovation Excellence | What to Make of Jill Lepore’s Attack on Disruption? | Disruptive Entrepreneurship & Innovation | Scoop.it

Clayton Christensen comes under attack by Harvard colleague, Jill Lepore. She slams disruptive innovation as a “competitive strategy for an age seized by terror.

 

In 1997, a little known Harvard professor named Clayton Christensen published a surprise bestseller called The Innovator’s Dilemma, where he coined the term disruptive technology, which later evolved into disruptive innovation and became a mantra for the digital age.

 

Yet in a well argued piece in The New Yorker, his colleague at Harvard, the celebrated historian Jill Lepore, cries foul.  She calls disruptive innovation a “competitive strategy for an age seized by terror.”  “Transfixed by change,” she writes, “it’s blind to continuity.”

 

It’s not just Christensen’s theories that Lepore opposes, but what she calls the “rhetoric of disruption” which leads us to seek change for change’s sake, undermining productive stability.  She also points out that disruption is no panacea and leads to failure more often than it does to success. Is it time to rethink our culture of disruption?

 

Russ Merz, Ph.D.'s insight:

A thoughtful article written by Greg Satell that helps clarify the controversy around Christensen's theory of #disruptiveinnovation. The focus on changes to the the underlying #businessmodel seems to be the key. It is also helpful to consider that there are several different ways that #innovation can occur as illustrated in the matrix.

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Tesla Lets Go, to Gain the Market | Web Strategy by Jeremiah Owyang | Digital Business

Tesla Lets Go, to Gain the Market | Web Strategy by Jeremiah Owyang | Digital Business | Disruptive Entrepreneurship & Innovation | Scoop.it

Can a corporation let go, in order to win it all?

Tesla has deployed a business strategy we call “Provide a Platform” which enables your ecosystem to design, build, enhance, fulfill, support your own products for you.

 

Tesla, who’s already a market leader in their category, made a surprising move, by releasing their patents as open source.  This move patterns co-innovation moves we see from companies in the Collaborative Economy that are partnering with their own customers to create products likeGE+Quirky, Barclay’s Card Ring, and others companies that I share from my presentations.

 

This also show’s Tesla’s commitment towards social good, as Musk writes that most car companies only have a fraction (1%) of their sales as electric vehicles. He writes, “It is impossible for Tesla to build electric cars fast enough to address the carbon crisis.” In essence, he wants everyone else to help.

 

For Tesla, this fosters an ecosystem of makers, hackers, developers, and partners around their brand, growing their position in the ecosystem as Tesla will become the standard of the electric vehicle (EV) industry.  Why would a dominant player let go? This enables others to build on top of their platform in order to replicate, enhance, and improve existing Tesla vehicles.

 
Russ Merz, Ph.D.'s insight:

A good example of primary demand stimulation through technology sharing.

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Five brands using crowdsourcing for product and marketing ideas

Five brands using crowdsourcing for product and marketing ideas | Disruptive Entrepreneurship & Innovation | Scoop.it

During a recent discussion about a colleague’s obsession with Lego I was informed of the toymaker’s forays into crowdsourcing new product ideas.

This isn’t a particularly new tactic and I’ve flagged upexamples of crowdsourcing in the past, but it’s a topic that’s worth revisiting as more brands get on board.

 

So in order to inspire your own campaigns or product development, here are five other brands using crowdsourcing...

Lego

As mentioned in the intro, Lego has a dedicated site for fans and customers to contribute their own product ideas.

 

Other users can then vote for their favourite idea, state how much they’d pay for it and explain why they like it so much.

 

If more than 10,000 people support the idea then it goes to the official Lego review board who decide whether or not to put it into production.

 

The creations currently being debated include a replica of Batman’s Wayne Manor, the boat and shark from Jaws, and a red squirrel.

 

It’s a brilliant way for Lego to pilfer ideas from its own customers and test them among the wider community.

Russ Merz, Ph.D.'s insight:

A fascinating look at how five major brands are using #crowdsourcing to find innovative product and marketing ideas. The article includes videos and links to examples.

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Michael Binzer's curator insight, May 15, 12:03 PM

This idea is not new, but nonetheless relevant for developing your product. I got inspired - how about you?

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Brand Disruptors: Amazon Changes the Game, Turns Twitter Into a Shopping Mall

Brand Disruptors: Amazon Changes the Game, Turns Twitter Into a Shopping Mall | Disruptive Entrepreneurship & Innovation | Scoop.it

Brandchannel - always branding. always on.

 

Tweeting just got sweeter—or shopping just got Tweeter—for Amazon customers thanks to a newsocial integration that lets users add items to their shopping cart by responding to links on Twitter with the hashtag #AmazonCart (in the U.S) or #AmazonBasket (in the U.K.), a move that makes social shopping easier and—dare we say—fun.

 

“Add it now, buy it later” is the slogan, and it seems to be as simple to use as that tagline. Once an Amazon account is linked to a Twitter account, responding to a link with the requisite hashtag puts the item in your cart along with a reply tweet from @MyAmazon.

 

While hashtags make the process simple, it’s simultaneously a public broadcast of what one is buying—as well as user-generated marketing for Amazon and the latest step in making shopping more social and seamless.

Russ Merz, Ph.D.'s insight:

Online shopping has changed in a massively new way with #Amazon's move into the #Twitter-sphere. Without a doubt, many #retailers will try to emulate.

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Corporate Courtships: How Social Businesses Can Seal the Deal

Corporate Courtships: How Social Businesses Can Seal the Deal | Disruptive Entrepreneurship & Innovation | Scoop.it

Partnering with the wrong corporation can spell disaster for a growing social enterprise. Here’s what to consider before getting wed to a new initiative.

 

There was no shortage of causes to help when Tyler Merrick started a new social business back in 2008, so he decided to tackle seven areas of need: feeding the hungry, healing the sick, housing the homeless, teaching children, quenching the thirsty with clean water, counseling a child of war and planting trees to save the earth.

 

His idea for what became known as Project 7 sounded simple enough—sell everyday, on-the-go products like gum, mint and bottled water then contribute a portion of the profits to partner nonprofits that had proven track records for creating impact. But Merrick also knew that he needed to find willing retail and manufacturing partners who could scale that impact to the next level.

Russ Merz, Ph.D.'s insight:

An interesting discussion about how #socialbusiness can partner with for-profit corporations to generate big results.

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How to Build a Culture of Innovation Pt. 2: The 12 Pillars of Innovation

How to Build a Culture of Innovation Pt. 2: The 12 Pillars of Innovation | Disruptive Entrepreneurship & Innovation | Scoop.it

In part one of this series on how to build a culture of innovation, I focused on the challenges organizations face as they inevitably face disruption from direct and emergent competitors. But it's not just external competition, it's also internal forces that prevent companies from unlocking creativity to compete. As Viktor E. Frankl once said, "It isn't the past which holds us back, it's the future; and how we undermine it, today."

 

Why do we need to change? We're profitable today! Change is for everyone else right?

 

Wrong.

 

Change happens to us or because of us. In an era of digital Darwinism, technology and society are evolving faster than the ability for many to adapt. We have a choice in how our story unfolds. But it's a classic story of leading or following. People around you want to see what others are doing to change. At the same time, those companies that are figuring out how to change are already ahead of the game. Here you are trying to justify it by way of examples. digital Darwinism doesn't wait or discriminate. Natural selection favors those that at least try.

 

You know in your heart that in order to change requires a new perspective followed by a new approach, supported only by relentless execution and learning. The good news is that there are companies that are successfully thriving in an era of digital Darwinism. You have precedent to lean on. But you and I know that even with examples, the real challenge is making the case and ultimately taking the first step. Once you do, momentum carries you forward.

Russ Merz, Ph.D.'s insight:

Good advice for how to create a culture of innovation and disruption within an organization.

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Marc Kneepkens's curator insight, March 31, 10:03 AM

Innovation is inevitable in this fast changing culture of business. It takes courage, wit, imagination.

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5 Tips On Branding For Good From Successful Social Entrepreneurs

5 Tips On Branding For Good From Successful Social Entrepreneurs | Disruptive Entrepreneurship & Innovation | Scoop.it

How can you make the most impact? By getting people inspired about what you're doing. Take some advice from these companies that have figured it out.

 

Just because you're doing good work as a social entrepreneur doesn't mean you get to skip on the more commercial parts of running a business. Your good story isn't enough to grab customers and create more impact, you need to build a good brand. Every other month, brand innovation firm BBMG hosts Five x 5, a social innovation workshop designed to help five startups with their most pressing brand-related challenges. Five teams of planners, strategists, creatives, and entrepreneurs donate their time and expertise to delve into each challenge and then share insights and concepts before the networking continues.

 

Focus on that singular word you want to try to own--in your own way--in the minds of your audience.

Last month, social incubator Echoing Green joined us in inviting ioby, Seeding Labs, Regalii, Enstitute, and b condoms to the studio. Here are five things we learned about branding for good from that strategy session.

Russ Merz, Ph.D.'s insight:

Small start-up #socialenterprises often need #branding help. Here are some guidelines for staking out a market #position in a way that can be meaningful and memorable.

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Social entrepreneurs measure success by a different, and unique, yard stick

Social entrepreneurs measure success by a different, and unique, yard stick | Disruptive Entrepreneurship & Innovation | Scoop.it

Most social purpose businesses are small and new and, to be successful, their owners need to maintain a sense of purpose even when they're laying awake at night worrying about cash flow.

 

Running a business is never easy but the measures of success are clear: profitability; customer satisfaction; a growing customer base; employee engagement and satisfaction; and your satisfaction all come to bear on your success.

 

However, assessing performance is even more difficult for businesses that exist to make money and make the world a better place. Are you and your customers clear about your company’s social purpose? Is your company making a meaningful difference with respect to the social change its hope to achieve? Have you achieved the right balance between profit and purpose?

 

As the number of social purpose businesses continues to rise, these questions are becoming more material. A 2013 study by Georgia Levenson Keohane for the McGraw Hill Financial Global Institute shows social entrepreneurship of all kinds are increasing significantly in the United States. In the United Kingdom, a 2011 study by the Policy Research Group at the University of Durham revealed that there were approximately 68,000 social enterprises in the United Kingdom, an increase of more than 400% since 2004.

 

Are the social entrepreneurs who run these enterprises up to the task of running a business with purpose? Bill Drayton, founder of Ashoka and widely considered the father of modern social entrepreneurship, has said that the kind of social entrepreneurs he was seeking — passionate, resourceful, system-changing innovators who could fix static social, political and economic equations — are extremely rare.

Russ Merz, Ph.D.'s insight:

A good discussion of some of the challenges faced by social enterprise start-ups. 

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Stephanie Sta Maria's curator insight, March 19, 8:26 AM

It always boils down to the perennial battle between profit and purpose. What's your measure of success?

Laura Hansen's curator insight, July 22, 1:16 PM

I agree with Bill regarding the rare breed of social entrepreneurs today. I think rewiring our minds will take some time. However, there is a strong desire globally to lead meaningful, financially stable lives. I think we will see a rapid transformation of business mindset over the next ten years.

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Why the future of your business depends on curiosity

Why the future of your business depends on curiosity | Disruptive Entrepreneurship & Innovation | Scoop.it

In an economy of individuals with everyone in the world close to all the information in the world, organizations can no longer just copy-paste their strategy and plans from the year before. There is no way back. The open world is here to stay and expected to further accelerate. The future will be less about money, power or size, but more about agility, networking and sharing. In order to survive, businesses need to grow to a permanent state of curiosity, making it a core strategic competence.

Barriers to Curiosity

While every human being is curious by nature, organizations are not. Most management practices are failing and working against driving organizational curiosity: hierarchical and silo structures prevent bottom-up or transversal creativity, closed mindsets block fresh thoughts from the outside world, and funnel thinking limits the survival of out-of-the-box ideas. Companies can only be curious because they are composed of individuals who are curious. But the problem with individuals is that they are all victims of their own human limitations. We suffer from an illusion ofknowledge bias, thinking we know more than we actually do. We suffer from false consensus bias, starting from our own vision of the world, believing that everybody thinks like us and would make the same choices. We suffer from observational selection bias making us find new evidence to support our own false beliefs. We suffer from agnosticism bias, not knowing what we don’t know, focusing too much on things we already do know.

 

The future will be less about money, power or size, but more about agility, networking and sharing. In order to survive, businesses need to grow to a permanent state of curiosity, making it a core strategic competenc

Russ Merz, Ph.D.'s insight:

Four steps for overcoming barriers and stimulating curiosity within your organization.

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Innovation Excellence | How Do You Measure Innovation?

Innovation Excellence | How Do You Measure Innovation? | Disruptive Entrepreneurship & Innovation | Scoop.it

One of the reasons that only about 1/3 of all Fortune 1000 companies have formal innovation metrics is because this simple question does not have a simple answer.

 

Metrics can be important levers of innovation – for driving behavior, as well as evaluating the results of specific initiatives. Companies like 3M and Google have had innovation metrics for years – the most noteworthy that 10% of employees’ time is dedicated for experimentation with new opportunities.  Some companies like 3M have tried to mandate that 35% of the corporations’ revenues should come from products introduced within the past four years.

 

Defining the right metrics for your business can be tricky. There’s generally no one right answer and agreeing on what to measure can feel more like art than science.

 

Russ Merz, Ph.D.'s insight:

This article provides a thoughtful framework for the measurement of #innovation based on the concept of a "family of metrics" with three dimensions: ROI, organizational capability and leadership.

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