Latest posts
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Platform Business Model explained
How do platforms work and what is the platform business model? By Benjamin Talin Last updated Jul 28, 2023 Platform business models create value by enabling direct interactions between groups. This overview covers their key characteristics, major types, benefits, risks, examples, and strategies for successfully building platforms. Platform business models define our (digital) world. Simply put, platforms create value for…
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The Lean Startup Methodology
“Startup success can be engineered by following the process, which means it can be learned, which means it can be taught.”- Eric Ries The Lean Startup provides a scientific approach to creating and managing startups and get a desired product to customers’ hands faster. The Lean Startup method teaches you how to drive a startup-how…
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The Stage-Gate Model: An Overview
Scott J. Edgett Success. Do you have the ability to successfully develop and launch new products and services into a competitive marketplace on a sustainable basis? Companies that answer yes to this question have one thing in common: They understand that product innovation is a critical capability. They have successfully designed, implemented and internalized Idea-to-Launch…
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Open Innovation
Jennifer Kuan Summary Open Innovation, published in 2003, was a ground-breaking work by Henry Chesbrough that placed technology and innovation at the center of attention for managers of large firms. The term open innovation refers to the ways in which firms can generate and commercialize innovation by engaging outside entities. The ideas have attracted the notice of…
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The fuzzy front end of the innovation process
The fuzzy front end is the creative beginning of the innovation process that determines the success of the product development and implementation. Tanja Eschberger-Friedl , 14.01.2018 The fuzzy front end is the front part of the innovation process and covers all steps from strategy, idea generation to business plan. It feeds the product development process with…