Before Your Market Ebbs, Take Your Assets and GoSometimes markets decline and just get worse. This article looks at how to respond when that happens by taking your capital and moving to a better market, much as a venture capitalist would.
Dig in Your Sandbox -- Your Industry Is Full of Excellent Opportunities Everyone Has OverlookedCompanies want to grow faster and always imagine that areas they haven't explored are full of better opportunities than where they are. The truth is usually the opposite. This article explores the missing opportunities at toymaker Hasbro.
For Tons of Success, Go to the Best Place to Plant the First Water LiliesEveryone wants to know how companies get big fast. First, you need a great industry to enter. Then, you need to pick the right way to enter that industry. Planning for maximum growth is a good way to locate that entry point.
To Expand Your Growth Prospects, Start by Looking for the Biggest Future Pond to Grow Your LiliesMarkets limit opportunities for companies to grow. Today's little lily pond may become a great lake and vice versa. Many mistakes are made in choosing markets. This article suggests some ways to be flexible in choosing markets that will enhance your growth opportunities.
Get Smart and Help Produce More Prosperity: Add Knowledge for Your StakeholdersMost strategies call for being smart, efficient, and effective. Expand the timeline for delivering those qualities, and you see that improving the knowledge and opportunities of stakeholders is critical to long-term success. This article looks at examples of how this principle has been applied.
Cast Bread on New Waters to Create More BenefitsBusiness models can be adjusted to provide new types of benefits to more stakeholders. In the process, the value of the business model expands and social benefit, as well as organizational success, increases.
To Gain an Audience, Write about What Others Have WrittenDo you have a message for the masses? Try writing book reviews on similar subjects as a way to get your point across. You'll reach many more people that way with less effort.
Head for the Open Road to Add More Dimensions of Customer ValueA strategy can tie you onto a path that leads nowhere. Long before that happens, you should look for new strategies that allow you to add more kinds of value for customers and other stakeholders. This article looks at how Huffy improved its performance as a bicycle marketer by stopping its manufacturing.
Increase the Dimensions of Customer Value that Take You to the Largest Lily Pond of OpportunityWhen you choose a business model that allows you to enter and expand in promising new markets and opportunities, you have gained an important strategic advantage. This article describes how one company made the necessary transition.
The Advantages of Maximizing Natural Business GrowthGrowth can occur naturally . . . or it can be forced by using bad methods. This article suggests abandoning the forced methods that have led to the current global recession in favor of using natural growth opportunities to succeed.
A Life-Saving First-Aid Kit for Fixing Your Broken Business Model Innovation ProcessBusiness model innovation is task one for success in the 21st century. Yet most organizations have a broken process for doing such innovation. This article provides questions that can quickly fix your broken business model innovation process.
For the Biggest Profits Cover the Biggest Lily Pond You CanProfit growth potential begins with choosing the highest potential markets to serve. Then, select the way to innovate that will expand the market and your market share the fastest.
Let Your Business Model Innovations Grow Like BambooBusiness model innovation should be top priority. Where should you start? Begin by understanding what your process has been . . . and then improve on it.
For More Profit, Carefully Study and Improve How You Have Made Successful Business InnovationsA building will be stronger if it has a sound foundation. By studying how you have made superior business model improvements in the past, you can repeat those successes while adding more helpful elements.
Build Business Models that Accelerate the Potential for Greater General ProsperityWouldn't it be nice to have more customers? You will if you focus on developing improved business models that increase general prosperity as well as the size of your industry.
Before Your Profits Unexpectedly Stop Growing, Search for the Next Generation of Business ModelsWhen should you start on another generation of business model innovation? This article uses an example from the technology industry to show that an early start is essential, long before your current business model starts to run out of steam.
Have a Core Insight for a Superior Business Model to Move Quickly on to the Next OpportunityCreating successful new business models is a lot like chess: You have to plan several moves in advance. In this article, you will learn how a core insight can drive continuing business model innovation in the way that a chess strategy helps crown a champion.
Look at the Orchard as Well as the Tree for Low-Hanging Fruit to HarvestMany organizations optimize the close-in opportunities that match what they have been doing. More can be accomplished by looking at what whole new areas of development await for which you have proprietary advantages.
Nurture and Harvest More Low-Hanging Fruit Through Continuing Business Model InnovationAs a successful business model innovator, your major challenge will be to stay focused on this activity while you prosper based on your first innovations. This article describes how an organization can miss great innovation opportunities.
Test Your Business Model Focus to Gain the Greatest Strategic AdvantagesBusiness model innovation requires the right continuing focus. This article provides five questions to help you gain and retain that focus.
Build on Business Model Breakthroughs to Develop Lasting Success: A Storage Company Case HistoryThis article shows how important it is to expand your business model to offer more kinds of benefits to the best potential customers.
Extend Initial Strength into New Ones: Fast Delivery to Just-in-Time Differentiated ProductsContinuing business model innovation is critical to the small firm that wants to be more profitable and to gain lots of market share.
Build on Your Initial Breakthrough to Develop Lasting Success: A Case HistoryEducation Management succeeds by rigorously make education more valuable to students, employers, and to its own efforts. By shaping its attention around those disciples the company was able to rapidly expand into being a national leader from being a single art training school.
Build on the Business Model Solutions You Provided First and Expand Your StrengthYour first business model breakthrough should become the focus for your second and third breakthroughs. Otherwise, you may face disaster. This article explains why.
The Significant Advantages of Starting First on Business Model InnovationImproving your business model has many practical advantages, but the most valuable advantages are more enjoyed by the person to first make the changes. This article explains what to focus on first with your continuing business model innovation.
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