Risk, Great Ideas, and Your Business Model

Risk, Great Ideas, and Your Business Model

To find innovative ideas for your business, Langdon Morris recommends researching your own business model to better understand how your firm is organized and the value proposition you've created. By asking customers and non-customers about their experience with your products or services, you can identify unmet needs that represent opportunities for improvement. Morris also suggests observing behaviors to gain a deeper understanding of your market. Finally, to truly think like an outsider, he recommends studying successful business model innovators to identify their common qualities and strategies.

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More Innovation Resources:

Idea Validation: Steps and Tools for Testing Your Idea

Idea Validation: Steps and Tools for Testing Your Idea

Validating your business idea is key to minimizing risks and ensuring that it has real demand. Discover the importance of idea validation and the tools available to you in this article.

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Has Your Innovation Program Jumped the Shark?

Innovation programs need proper nurturing and management to prevent them from losing their essence. Run the Business (RTB) solutions are different from Change the Business (CTB) solutions, and each requires a different management approach.

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Idea Theft: What you need to know and how to prevent it

Idea Theft: What you need to know and how to prevent it

Learn how to prevent idea theft in your workplace by understanding the factors that trigger it and implementing action points to promote collaboration and prevent chaos.

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