The Renaissance Innovator

Thoughts, examples and updates on the Renaissance Innovation Method

Posts from the “Others” Category

Liberate Your Employees and Recharge your Business Model

Posted on March 28, 2013


As we discussed in our recent blog post on HBR Blogging Network, it finally seems that the uproar over Marissa Meyer’s diktat banning flexible work policies at Yahoo is dying down.  While good arguments were made on both sides of the issue, what got lost in the charged debate was the potential for evolving traditional business models through changing the employee-employer relationship. Our research on identifying replicable templates for business model innovation shows that innovating how a company engages with its workforce is an often overlooked way of increasing business model performance. The basic structure of the firm-employee relationship has not changed much over the last 50 years.  Relying on a forecast of organizational needs, firms select the nature and number of employees, who are…

Tesla’s Model S: Technology Outruns the Business Model

Posted on February 26, 2013


In our recent blog post on HBR blogging network we discussed the Tesla Model S, which is arguably the most promising all-electric contender for a slice of the luxury sedan market, but was panned recently by New York Times reporter John Broder, who finished his test-drive on the back of a flatbed truck. Elon Musk, co-founder of Tesla Motors, was quick to respond with accusations that the test was not performed under fair conditions. Whatever the rights and wrongs of the dispute, though, one thing is clear: Tesla has some way to go before it can get motorists to buy into its vision of an all-electric no-compromises luxury sedan.

Outclassing Sourcing Champions

Posted on May 28, 2012


With  increasing  specialization,  technological complexity, and globalization, firms now buy a long list of products and services from many outside providers. In industries like automobiles, consumer electronics and retail, reliably sourcing a multitude of products from supply chain partners is the key to success. Li and Fung limited, one of the worlds fastest growing companies,  is fundamentally altering this  sourcing landscape and is simultaneously changing the game in these industries which rely deeply on sourcing. It is a company which owns no production, transportation or retail facilities, but by becoming the key link in  the sourcing  practices of some of the worlds best known companies like Gap, Benetton  and Walmart, has found a novel winning formula. So how has this firm created a multi-billion dollar business…

Generating New Business Opportunities

Posted on April 3, 2012


Over the last 2 weeks, I have been teaching a newly developed INSEAD MBA course  on Identifying New Business Opportunities (INBO).  The class is structured as a hands on  experiential workshop that combines three novel approaches to Innovation/Entrepreneurship: Business Model Innovation, Idea Tournaments and Lean Startups/Discovery Driven Planning. As regular readers of this blog know, Business Model Innovation is all about  identifying entrepreneurial opportunities via innovating the business models in existing competitive industries. Idea Tournaments is a process that leverages the wisdom of the crowd for selecting and developing amongst new business opportunities. Discovery-driven planning  philosophy prioritizes tasks to limit entrepreneurial risk. Taken together, these approaches are in contrast to the conventional serendipitous, solitary  process of innovation and it instead provides a systematic, risk-limiting pathway to realizing innovative outcomes.…

SXSW: INSEAD @ South by Southwest

Posted on March 18, 2012


The 2012 edition of the South by Southwest conference (SWSX)  wrapped up in Austin last week. Over the last years, this  has become one of hottest stops on the startup circuit, earning a reputation as the biggest breeding ground for new ideas and creative technologies– notably, both foursquare and twitter  catapulted to the big leagues after they  presented early versions at SWSX.  To coincide with all the buzz around SXSW,  I  decided to spend a better part of  this week’s sessions of Identifying New Business Opportunities, an MBA class I am currently teaching, discussing some of the hottest trends from the conference.  A small contingent from the class had attended  SXSW and they got us started by  sharing what caught their attention at the conference (Thanks Nicole, Charlotte…