The Renaissance Innovator

Thoughts, examples and updates on the Renaissance Innovation Method

Posts from the “Theory” Category

Operational Analysis for Business Model Diagnosis…

Posted on December 17, 2011


I spent the better part of the last 6 weeks in the classroom with our incredibly talented MBA participants here at INSEAD. I was assigned to teach a class on  operations management, but we took a slightly different take on the subject, a renaissance innovation take. A traditional MBA class on operations builds basic tools of  process analysis, inventory  and supply chain management in the context of managing a firm’s sourcing, production and distribution. In our newly developed operations class at INSEAD, we take the same basic analytical principles but we learn and  apply them in an entirely different context– to help us analyze, diagnose and reinvent the business models of firms. In our work with numerous companies on helping them innovate their business model, we have come…

Renaissance Innovation and startups

Posted on November 20, 2011


In this blog we discussed Renaissance Innovations of many companies, small and big, old and new.  Some of the startups we have already covered are Diapers.com, Objective Logistics, Amazon.com and many others. I hope that our blog makes it quite clear that the ideas of Renaissance Innovation method apply equally to startups and established companies.  However, in this post I wanted to focus just on startups.  The approach that is gaining a lot of momentum and good publicity is called “The Lean Startup“, most recently the new book debuted as #2 on the New York Times bestseller list. On the surface, this sounds like doing something on the cheap. These who know something about operations management will also recognize that “lean” is synonymous with…

Renaissance Innovation @ INSEAD Knowledge

Posted on June 1, 2011


Check out  this  interview we did for INSEAD knowledge, our in-house business publication. The write-up and the companion video (embedded after the break)  summarize the key aspects of our theory of Renaissance Innovation and we answer some common questions related to the practice of Renaissance Innovation.  Regular readers of the blog will notice that we mention many of the example that we already blogged about here. We find that videos are  a great tool to liven up discussion in the boardroom or classroom, and we welcome you all to use the video to initiate the uninitiated… Click through to see the video interview…

How to Build Risk into Your Business Model

Posted on April 23, 2011


Check out our new article  in the May 2011 issue of the Harvard Business Review.  This is the first published preview of the theory behind  renaissance innovation.  The reader of the article will notice that, so far, our blog simply described in more detail,  the examples that appear in the article. As we have already hinted throughout this blog, the key behind successful Business Model Innovation is managing risks: in our view, all innovative companies we described in this blog have done the same thing right: they understood and managed the risk-return trade-offs in the design of their business model. This is, in our view, is a simple yet novel insight: all other works out there that study Business Models, typically focus on improving…

How do you manufacture profitably in San Francisco?

Posted on April 3, 2011


The conventional wisdom seems to be that all manufacturing is moving to third-world countries, right?  Maybe if you follow conventional wisdom but renaissance innovators may think otherwise. Timbuk2.com, a San Francisco startup (well, it used to be in mid-90s, it is pretty big now) proves this rule wrong by having a highly successful manufacturing business right in down-town of the most expensive US city. How do they do this?

Welcome!

Posted on March 23, 2011


Hey! Welcome to our blog on Renaissance Innovation. Here we plan to share our latest research, case studies and thoughts on ideas that disrupt industries, revolutionize the business landscape, and generate immense wealth– all by selling exactly the same products as competitors to the same customers, but by reinventing the operating model of the industry. We call such ideas, and the process of identifying, generating and refining them the The Renaissance Innovation Method, or simply Renaissance Innovation. Who is a Renaissance Innovator? Why call it Renaissance?