October 12th, 2008
Stay Focused on The Solutions You Provided First and Expand on That Strength
Your first business model breakthrough should become the focus for your second and third breakthroughs. Otherwise, you may face disaster. This article explains why.
Almost all business people work hard over long hours and are dedicated to their work. Yet some achieve great benefits from their efforts while others are simply holding the line. What are the lessons of this differential success for those who are working on business model innovation?
Let’s start with an analogy. Have you ever watched water break through an earthen dam? At first, the water simply washes against the whole side of the dam. Gradually, the speed of the water and the uneven composition of the earth in the dam cause erosion to begin.