- To what extent is the business concept an efficient way of delivering customer benefits?
- To what extent is the business concept unique?
- What degree of fit exists between the elements of the business? Is each element positively reinforcing?
- To what extent does the concept exploit profit boosters that have the potential to generate above average returns? Profit boosters include the network effect and positive feedback effects.
Sunday, February 28, 2010
Tuesday, February 23, 2010
Innovation metrics
To get ready for market you'll need to find ways to measure innovation personally and as a company.
1. Define the domain of companies that are positioned either upstream or downstream from your company in a vertical value chain, all companies that supply complementary products and services, all companies that possess similar competencies and those that satisfy the same deep customer needs. This needs to be broad to limit the chance of surprises from disruptive technologies.
2. Wealth Creation Index: Measure changes in market capitalisation and compare with changes to the entire domain. In the absence of acquisitions or mergers any company that achieves a sustained jump in its share of domain value is an industry revolutionary.
1. Define the domain of companies that are positioned either upstream or downstream from your company in a vertical value chain, all companies that supply complementary products and services, all companies that possess similar competencies and those that satisfy the same deep customer needs. This needs to be broad to limit the chance of surprises from disruptive technologies.
2. Wealth Creation Index: Measure changes in market capitalisation and compare with changes to the entire domain. In the absence of acquisitions or mergers any company that achieves a sustained jump in its share of domain value is an industry revolutionary.
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