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- Banking, insurance, and the wonderful world of FinTech startupsThe phrase “Banking is essential; banks are not” is often attributed to Bill Gates. While predictions about the death of banks seem very exaggerated, the world of finance and banking is undergoing a revolution led by financial technology (FinTech) innovations. It is common nowadays to read press releases about successful startups or new investments related to FinTech. Innovation exists in...Read more →
- The five barriers to increased productivityThe need for efficiency and productivity seems like a no-brainer. In engineering classes, media, and even fiction books (e.g. The Goal), increased productivity for companies and organizations has been emphasized, analyzed and taught in detail. The ability to improve work processes, manufacture just in time, achieve operational efficiency and optimize inventory levels allows companies to decrease costs and become more...Read more →
- Why business model innovation rocksCan you name management trends that most business executives appreciate but few ever implement? Business model innovation (BMI) sure is one of them. Companies that successfully reinvent their business models may become more profitable and more sustainable. This post will discuss 4 reasons that business model innovation is so essential, and why the opportunity is big now. 1) Business models...Read more →
- What makes an all-star startup board fail?Innovative companies that revolutionized their industries, acquired large user bases, and disrupted marketplaces, only to fail spectacularly afterwards, make the most interesting stories. Friendster may enter the Hall of Fame of such companies. Friendster was a social network pioneer that enabled users to view profiles and connect with strangers, along with other features. It acquired a large user base, raised...Read more →
- Revenue model types: the quick guideA revenue model describes how a business generates revenue streams from its products and services. It is one of the key components of the business model. Existing businesses interested in expanding to new areas or adjusting to a new generation of competitors should carefully consider their revenue models. A strong revenue model is also most important for early stage startups;...Read more →
- What can Microsoft learn about market segmentation from the 3 musketeers?The leading video game console firms, Microsoft and Sony, will soon find themselves in a risky position: after years of enjoying successful products, loyal customers, lucrative market shares, and high profits, they will realize that the good days are over. They will face agile competitors, substitute products, and new business models that undermine the industry. How should they react to...Read more →
- The art of finding business startup ideasWouldn’t it be great if it were easy for entrepreneurs to generate business startup ideas worth pursuing? While everybody agrees that execution is crucial, generating great ideas is equally important: no founder could seriously expect investments when pitching poor initiatives. Finding ideas may be easy for some; however, generating impactful initiatives that justify several years of hard labor and capital...Read more →
- Are the Freemium business model days over?About 3 years ago, the world witnessed the geek equivalent of a cat fight between Madonna and Lady Gaga. The participants were leading digital-age celebrities: Chris Anderson (The former editor of Wired and author of The Long Tail), Malcolm Gladwell (an admired columnist at The New Yorker and a best-selling Author), Seth Godin (a well known marketing guru), and Mark...Read more →
- What entrepreneurs should learn from professional athletesDuring the London Olympic Games, many commentators tried to analyze what enabled certain athletes to win and others to lose, and what key factors contributed to the victors’ success. Likewise, we can analyze the factors of success in the startup community. What distinguishes a venture that ultimately gets a double-spread article in a well-known magazine, with a title such as:...Read more →
- Will applying for a patent hurt your startup?Twitter, the cool social network with over 500 million registered users, is recognized for leading new trends, adapting to market developments, and innovating. Twitter’s unique attitude towards a well known strategy – that of applying for a patent – however, is less known. A research published in October 2011 discovered a surprising fact: there were no published patent applications submitted...Read more →
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