Taxis, whose business model has hardly changed since the invention of the tax meter in the 1940s, have a lot to worry about…
My morning talk at Aalto University 11th Sept 2013 starting 8:30 am.
Place: Aalto University
Time: 11th Sept 2013
Rovio business model
Next week Peter Vesterbacka from Rovio will make a speech in the Kenno – tilaa ideoille Event on 11th Dec 2012 in Helsinki. I started to make Rovio Business Model and I’ll will do this on-line and via this blog. I will ask some question from Peter and you can help me and us to model Rovio’s business model by sending your questions and links to public sources, where Rovio have announce something critical related to their business model.
- What I should ask from Peter on 11.12?
- What are the critical business model components of Rovio’s business model? send also evidence about it for example link to article.
With your contributions, I will develop the Rovio Business Model on-line and it will evelve with help your contributions. This will be done with Business Model Canvas tool by A. Osterwalder.
Business model template?
I will also modify the original BMC-template, if it is neccessary in this case. Thus, the goals of this modeling effort is twofold: (1) development of business model and (2) modifying the BMC template for case specific usage. This will form a serios of blog post that you can follow the evolution of moding prosess.
Business model discussion in Linkedin Group
Discussion are also feeded in Linkedin Group: http://www.linkedin.com/groups?gid=2836483
Kenno – for better thinking
The greatest problem facing humanity is ‘poor thinking’ – Edward de Bono
This is moment that I have waiting for 12 years. It will happened at 11th December afternoon in Congress Hotel Rantapuisto, Helsinki. We will introduce something new for “the meeting industry”.
Rovio Business Model bu Peter Vesterbacka
The key note speaker is Peter Vesterbacka from Rovio and he will tell about the story of Rovio from the business innovation perspective – how they have done it.
“Rovio was founded in 2003 as a mobile game development studio, and the company has developed several award-winning titles for various mobile platforms. In 2009, Rovio released Angry Birds, a casual puzzle game for touchscreen smartphones that became a worldwide phenomenon from 2010 onwards. The Angry Birds games have enjoyed continuing worldwide chart success, and the franchise has since expanded to a variety of new business areas. Rovio is rapidly expanding its activities in broadcast media, merchandising, publishing and services.”
After Peter’s key note, I will tell the story of Insight Spaces and new solution for poor thinking – Kenno. It is like a room, multisensored, visual…, but it is much more. I will tell you more after 11th of December. Actually, I cannot tell it you, because you have to experience it. It is possible soon, when we will have it all over the world.
The invitation to the event, which is held in Finnish is below. There is probably some places still left…
Did Apple “any” innovations or just business innovations? In Bloomberg’s article Richard P. Rumelt offers another explanation:
“To many people, Apple’s success seems like magic. Others attribute it to cool products, good marketing, and Steve Jobs’s charisma or presentation skills. Critics credit the Apple co- founder’s ability to project a “reality distortion field.” In his new book “Good Strategy, Bad Strategy: The Difference and Why It Matters,” Richard P. Rumelt, a strategy professor at UCLA’s Anderson School of Management, offers another explanation: the ruthless execution of good strategy.”
“Traditional” Innovation Funnel
The traditional innovation funnel focusing on a new product, product line, service or similar objects. The product or service innovation funnel can be described simply as a funnel from idea to product and service.
The first funnel is from many ideas to a few “elements” of innovation. Basically, we select the key elements for innovation such as customer’s needs, product features, design, etc. In the end, we have something ready, but not yet properly in the market or we don’t have “the execution” ready for innovation. In the 2nd funnel of innovation, which is, based on my experience, the harder part of innovation. We have to consider strategic issues concerning e.g. marketing, sales, delivery, customer service and also leadership and management innovations.
The 2nd Funnel
We need to use tools, which are more linked to strategic management & leadership, for example:
- Business model (“what”)
- Strategy model (“how to implement”)
- Strategic Project Management, PMO (“managing investments”)
- Key Performance Indicators, KPI, scorecard (“managing activities”)
- Incentive, reward and compensation plans
The Business Innovation Funnel has Two Sides
Also Paul Hobcraft wrote in his blog about There are two distinct parts to any Innovation Funnel. This is the real innovation, when we combine product, service and business innovations together.
What you think? Is Apple’s success more about 2nd funnel – business innovation funnel or the 1st one?
See more about business innovations from slideshare presentation