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Business model innovation is the new strategic imperative for all leaders
Blockbuster's executives saw Netflix coming. Yet they stuck with their bricks and mortar business model, losing billions in shareholder value. They were "netflixed." Business models don't last as long as they used to. Historically CEO's have managed a single business model over their entire careers. Today, all organizations must be capable of designing, prototyping, and experimenting with new business models. The Business Model Innovation Factory provides leaders with the survival skills to create a pipeline of new business models in the face of disruptive markets and competition.
Avoid being netflixed. Your organization must be a business model innovator to stay competitive in today's turbulent world.
- Author Saul Kaplan is the founder and chief catalyst of the Business Innovation Factory (BIF), a real world laboratory for exploring and testing new business models and social systems. BIF has attracted a global community of over five thousand innovators and organizes the internationally renowned BIF Collaborative Innovation Summit
- Sales Rank: #175532 in Books
- Published on: 2012-04-24
- Original language: English
- Number of items: 1
- Dimensions: 9.30" h x .90" w x 6.40" l, .91 pounds
- Binding: Hardcover
- 240 pages
From the Inside Flap
Blockbuster's executives saw Netflix coming. Yet they stuck with their bricks-and-mortar business model, losing billions in shareholder value. They were "netflixed."
Business models just don't last as long as they used to. Historically, CEOs have managed a single business model over their entire careers. Today, all organizations must be capable of designing, prototyping, and experimenting with new business models. The Business Model Innovation Factory provides leaders with the survival skills to create a pipeline of new business models in the face of disruptive markets and competition.
Business model innovation is a team sport. It requires all of us to build stronger collaboration muscle and to become more comfortable with and much better at connecting across silos, disciplines, and sectors. The Business Model Innovation Factory provides innovators with a set of fifteen actionable principles to guide business model innovation efforts, including:
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Realize that you are catalyzing something bigger than yourself
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Build purposeful and flexible networks
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Make systems-level thinking—and action—sexy
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Be creative and engaged in designing the core models that drive businesses, institutions, industries, and cultures
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Passion rules—exceed your own expectations and take risks with confidence
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Be an inspiration accelerator and inspire many toward the end game: transformation
Innovators need to experiment and embrace the art of discovery. Innovation requires that you get off the whiteboard and into the real world. There, you'll discover how to design for this user-centered world. Don't get netflixed. Make your organization a business model innovator and stay competitive in today's turbulent world.
From the Back Cover
Praise for The Business Model Innovation Factory
"To be competitive and stay competitive in today's business environment, you have to be fast on your feet. Saul Kaplan knows how to take innovation from napkin sketch to market share, and in this book, he teaches you exactly how to create your own 'innovation factory' from scratch. But be careful: once you start working with these ideas, it might be hard to stop!"
—Daniel H. Pink, author of Drive and A Whole New Mind
"Saul Kaplan, the innovator's innovator, shows you how to transform the sense of what's possible in your field, whether you're running a company or leading a community. If you want to win big, you have to change the game. This inspiring and instructive book is a game plan for game-changers."
—William C. Taylor, Co-Founding Editor, Fast Company, and author of Practically Radical
"Saul gets below the buzzwords of innovation and provides an inspiring and actionable road map to help transform how any organization creates, delivers, and captures value. The Business Model Innovation Factory is a must-read for any leader who wants to deliver innovation in the twenty-first century."
—Tony Hsieh, author of Delivering Happiness and CEO, Zappos.com, Inc.
"New products and tweaks to your current business model are not enough in today's environment. You need a way to continuously test new ideas and markets. Creating the 'business model innovation factory' described in Saul's book is the next step for any leader who wants to stay ahead of a changing world."
—Alex Osterwalder, coauthor of Business Model Generation
"Saul Kaplan is a one-man business model innovation factory! Every established leader and budding entrepreneur needs to read this book to find the way to real market-making innovation. Buy it, read it, do it!"
—Alan M. Webber, Co-Founding Editor, Fast Company, and author of Rules of Thumb
About the Author
SAUL KAPLAN is the founder and chief catalyst of the Business Innovation Factory (BIF), a real-world laboratory for exploring and testing new business models and social systems. BIF has attracted a global community of over 5,000 innovators and organizes the internationally renowned BIF Collaborative Innovation Summit. Saul shares his innovation musings on Twitter (@skap5) and his blog (It's Saul Connected), and as regular contributor to the Harvard Business Review, Fortune, and Bloomberg Businessweek.
Most helpful customer reviews
13 of 13 people found the following review helpful.
Important Premise
By Phil Simon
Disclaimer: I received a review copy from the publisher.
****
I enjoyed Business Model Innovation Factory because of its premise. With the speed of business becoming faster every day (largely due to vast technological changes), I believe that large organizations will need to "pivot" more than once. Ditto CIOs. I just don't see too many companies remaining stagnant if they expect to survive.
Kaplan does a good job at laying out the case for innovation. As another reviewer has pointed out, "Saul sets the stage by explaining how disruption is becoming a commonplace, innovation a necessity and the inadequacy of product and service innovation to drive the system level transformative change that industrial crises require. At the same time, the book respects bot the need for context and plain speaking." I couldn't agree more. The premise of this book is sound and, to be sure, the book's concept would not have been as essential 20 years ago.
I laughed when I read that the official language for one of his projects was English (read: not consultantspeak). To that end, Kaplan writes well and sans jargon--always a plus for me in a business book.
So, what could this book have done better?
I have three main gripes. I would have preferred to see a longer book with more detailed case studies. Second, to my liking, Kaplan makes far too many references to his halcyon days at Accenture. The way he would tell it, this is the perfect consulting organization and it just seems a little to idyllic for me. I have yet to come across a perfect consultancy and I've been in the field for a long time. Further, there seems to be a bevy of plugs for his own company, making the book at times read like a marketing brochure.
8 of 9 people found the following review helpful.
Think big, Start small, Scale fast
By James Hamar
"A business model is a story about how an organization creates, delivers and captures value." Simple enough right? It is this same thoughtful, yet direct commentary that makes this book so entertaining for a business model novice like myself.
I do not consider myself an innovator, nor am I an innovation junkie. Yet while reading this book, I began to identify with so many of the points Saul makes about creating value with passion, connecting to unusual suspects that are outside of your industry, and not being afraid to take an honest look at yourself and transform not only the way you operate as an organization, but also as an individual.
I rarely read business books, and to me, this doesn't feel like one. It is an inspiring collection of insights and stories to help you get better at what you do. There is always a better way, and thankfully there are books like this to question if you are doing all you can to become a Business Model Innovation Factory.
10 of 12 people found the following review helpful.
Maybe to much text
By Michael Moradiellos
HI,
I've read the book with a lot of expectation due to the work of Saul Kaplan and the BIF but I've the sensation that he repeat to much the exact sentences in different parts of the book, like copy paste. It is really ennnoying and give the sensation to be back in the book.
Also he present some ideas on cities as Innovation Hubs like something extraordinary (10 pages) and it is not. I was looking more for information about how it works and some successful case.
I have the feeling that the same content in half book could be enough.
Thanks.
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