The Business Model Innovation Factory

Several weeks ago, I bought a copy of The Business Model Innovation Factory, which according to NY Times bestselling author Dan Pink,  is a book about “how to take an innovation from a napkin sketch to market share,  and to create your own innovation factory.”

One of the first pieces of advice I give entrepreneurs is “iterate on your business model, being patient for growth, impatient for profits.”  Yet, I find that the term “business model” abstract, even nebulous.  Or as Kaplan writes,  “If you ask any 10 people in your organization to describe your current business model, will the answers be even close?” 

To get you started on consuming his ideas (and make it easy to participate in the giveaway!), here are some tweet-ready snippets:

“A business model is a story about how an organization creates, delivers and captures value.” -@skap5

“Business model innovators are inspiration accelerators.”-@skap5

“One of the most important tools for any business model innovator is storytelling.” – @skap5

“No one shares business model stories because they are taken for granted.” – @skap5

Law of disruption:  “Even Netflix is in danger of being netflixed.” – @skap5

“Using understandable language is essential to advancing new ideas and compelling action.” – @skap5

“Business model = How does your organization create value?  Deliver value? Capture value?”

Sustaining innovation:  “death by a 1,000 initiatives”. – @skap5

“A business model innovation factory is a platform, not a project.” – @skap5

“You want to business model innovation? Empower IT.” – @skap5

“You want business model innovation? See the world through the lens of the customer.” – @skap5

“Business model innovation is a team sport involving random collisions of unusual suspects.” – @skap5

“Business model innovation is a design process:  generative, experimental, iterative.” – @skap5

You want business model innovation?  Make systems-level thinking sexy.” – @skap5

“Innovators are less interested in climbing up learning curves than swinging like Tarzan from curve to curve.” @skap5

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