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Why Companies Should Have Open Business Models | MIT Sloan Management Review

Why Companies Should Have Open Business Models | MIT Sloan Management Review | Risk | Scoop.it
Innovation is becoming an increasingly open process thanks to a growing division of labor. One company develops a novel idea but does not bring it to market. Instead, the company decides to partner with or sell the idea to another party, which then commercializes it. To get the most out of this new system of innovation, companies must open their business models by actively searching for and exploiting outside ideas and by allowing unused internal technologies to flow to the outside, where other firms can unlock their latent economic potential.
Fredrick Jones's insight:
Interesting notion when thinking about integrated health care.
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How firms innovate their business models for sustainability ...

How firms innovate their business models for sustainability ... | Risk | Scoop.it
“What does sustainable business model innovation look like? Hint: They're smaller companies that start from scratch.”
Fredrick Jones's insight:
Distinguish model innovation from process or product.
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