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…