Want to avoid being disrupted? Transform your business model.

I have long been a fan of Clay Christensen who wrote Innovator’s Dilemma and advanced the concept of disruption.  He identified situations where new entrants to a market start with a basic product that only appeals to the lower end of the market.  The upstart then continuously improves the product, through interaction with customers, untilContinue reading “Want to avoid being disrupted? Transform your business model.”

A hybrid business model

There is a person in a country somewhere in the world who has initiative and insight and wants to make a difference.  There is a drive and independence that makes this person an ideal entrepreneur.  Finally and most importantly, a burning social need has been identified that should be addressed.  How does this person moveContinue reading “A hybrid business model”

Demystifying the lean startup methodology

There has been a lot of momentum around the lean startup methodology that has its origins in Silicon Valley.  The momentum is starting to create a flavour of the month backlash.  Much of this backlash, as with some other developments in the past, is the result of misunderstanding what it is and how to adopt it. Continue reading “Demystifying the lean startup methodology”

Social entrepreneurs as catalysts for building entrepreneurship

In the last post we identified the need to have entrepreneurs become the leaders in building an entrepreneurial society.  We also acknowledged that these entrepreneurs would have to choose to take a leadership role and that is not always easy to encourage.  But there may be a sub-segment of the entrepreneurial community that would beContinue reading “Social entrepreneurs as catalysts for building entrepreneurship”

The role of inventors in an entrepreneurial society

Most of the new business ideas I see are technology related to services, digital media or software.  This trend should be expected since there are many great opportunities in these sectors.  But I am beginning to feel like we have given up on making things.  If this belief I have is true it is unfortunate for us as aContinue reading “The role of inventors in an entrepreneurial society”

What is a business model?

In my last post I discussed the need for business model innovation to enable entrepreneurs to find solutions to the problems and opportunities we face.  In this post I will expand on that by proposing some structure around the term business model.  Having this structure is important if business model innovation is going to beContinue reading “What is a business model?”

Finding a real world problem to solve

As I have mentioned in previous posts a wave of entrepreneurs creating new ventures has a greater ability to solve the problems and capitalize on today’s opportunities than existing top down institutions.  Since that time I have had the opportunity to work with many entrepreneurs and speak with other mentors and funders of entrepreneurship.  WhileContinue reading “Finding a real world problem to solve”

Moving from the lab to the practical world

There is constant research going on in government, university and corporate labs but we are left wondering how much of it is actually commercialized.  By most estimates only a small proportion ever is.  Presumably the rest sits on the shelf in the hope or expectation that someone, someday will find a use for it.  Too often we expectContinue reading “Moving from the lab to the practical world”

Putting productivity into perspective

I read yet another column in the Globe and Mail that states that productivity improvement is the key to the future.  This productivity improvement was also the key for lower wage earners and the sustainability of a middle class.  That may be true depending on where the productivity improvement comes from.  If there is an increase inContinue reading “Putting productivity into perspective”

Where does Canada fit in a global economy?

As a country we have not been successful in building companies that have been successful in a global marketplace.  We have also been concerned about our inability to grow companies into strong mid or large market competitors.  There is a relationship between these two issues.  Canada is not a large market that is capabable ofContinue reading “Where does Canada fit in a global economy?”