Comments on: business model innovation http://timkastelle.org/blog/2009/06/business-model-innovation/ Designed in Brisbane by Tim Kastelle & John Steen Fri, 10 Feb 2012 06:15:12 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Tim http://timkastelle.org/blog/2009/06/business-model-innovation/comment-page-1/#comment-237 Tim Mon, 15 Jun 2009 03:06:27 +0000 http://timkastelle.org/blog/?p=304#comment-237 The biggest difference Sam is the demographic target. There are some other more subtle differences too, but that's the main one. I haven't given much thought to the resource companies - there has to be a way to address this for them. One example is the one from wikinomics of Goldmark, that used open models to help find more gold. To me though the real action will come from redesigning distribution... The biggest difference Sam is the demographic target. There are some other more subtle differences too, but that’s the main one. I haven’t given much thought to the resource companies – there has to be a way to address this for them. One example is the one from wikinomics of Goldmark, that used open models to help find more gold. To me though the real action will come from redesigning distribution…

]]> By: sam http://timkastelle.org/blog/2009/06/business-model-innovation/comment-page-1/#comment-235 sam Sun, 14 Jun 2009 17:10:07 +0000 http://timkastelle.org/blog/?p=304#comment-235 nice slides! I suppose I've always avoided the open innovation stuff because everything I'd heard seem to scream: drop what you're doing, the whole game has changed! The world is flat! Which I don't buy. But Chesbrough seems to have a much more nuanced argument. I like. A few questions: 1) Was Facebook's business model that different to Myspace? If not, then why did they manage to gain entry using what would seem to me to be a rather similar business model. The main difference seems to be the demographic focused on? Though I've never had much interaction with Myspace so maybe I am just misunderstanding it? 2) While reading your above points about business model innovation a thought struck me: does the nature of the industry mean that it is more difficult for a mining/resources firm to create a new business model? What would this look like for BHP/Rio/CVRD et al? Examples might include the introduction of site level JVs to develop coal mines and that example of crowdsourcing exploration from Wikinomics.... nice slides! I suppose I’ve always avoided the open innovation stuff because everything I’d heard seem to scream: drop what you’re doing, the whole game has changed! The world is flat! Which I don’t buy. But Chesbrough seems to have a much more nuanced argument. I like. A few questions:

1) Was Facebook’s business model that different to Myspace? If not, then why did they manage to gain entry using what would seem to me to be a rather similar business model. The main difference seems to be the demographic focused on? Though I’ve never had much interaction with Myspace so maybe I am just misunderstanding it?
2) While reading your above points about business model innovation a thought struck me: does the nature of the industry mean that it is more difficult for a mining/resources firm to create a new business model? What would this look like for BHP/Rio/CVRD et al? Examples might include the introduction of site level JVs to develop coal mines and that example of crowdsourcing exploration from Wikinomics….

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