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INNOVATION to the CORE: About Innovation to the Core - 0 views

  • Kelly Duffin-Maxwell, Senior Vice President, Breakthrough Innovation, Kraft Foods
raheel naqvi

Innovation in Practice - 0 views

    • raheel naqvi
       
      need to review and read
  • How do you innovate a business model?   You can create new products and services within the current business model to drive growth.  Or you can create a new business model and open up a whole new world of possibilities for the firm.  Either innovate within the current game, or change the game.  But how? 
  • "To build a breakthrough business model that rivals cannot easily emulate, you'll need to integrate a whole series of complementary, value creating components so the effect is cumulative,"
  • ...3 more annotations...
  • ENGINEERING:  These are consultants that help you make the new idea work in practice.  They have a particular expertise in technology, science, research, and problem solving.  Their main focus is building it.
  • Relying on mergers and acquisitions for growth sends a signal that you don't know how to innovate or how to manage it.
  • Companies tend to overpay which actually destroys shareholder value.
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