Dev Patnaik Roger (via Fast Company)

A mindmap generated from a conversation between Roger Martin and Dev Patnaik of Fast Company.

Here’s a link to the original article which includes the full interview.

Hey guys,

Hope you had a good Christmas and are doing “good work” during these last few days of the year. I just read one of the older articles from the Dachis group where funnily enough, it wasn’t until the very end of the article that my eyes opened to the fact that this was one of the basic concepts that we all learned during our ITM700 course (for those of us who have taken ITM 700, but I think people in Business Management actually learned this a lot earlier as well).

This model where organizations are made up of People, Process, and Technology is one of the “as broad as you can get” models of enterprise architecture that looks at how organizations are made up. It basically says that orgs. are made up of: People in the business who have knowledge and skills, business process that are defined in how people carry out actions that create value for the org, and technology that supports people and the processes.

What this Dachis Group blog post does is show People Process and Technology and how it makes up the resources needed by an org to successfully implement and scale an effective twitter team for near real-time customer support.

Personally I find it greatly enjoying when some of the basic models that we learn in school are adapted beyond what we are taught, and shown in the context of supporting an organization that is much more socially aligned than what we’ve been exposed to.

Where else have you seen academic models or ideas adapted and used in the business?

thatssodigital:

jvatcm:

STEM of an IDEA

“STEM is an acronym you can see and hear all around the world as the intellectual ad campaign for “Science, Technology, Engineering, Math.” Indeed STEM is an important factor in achieving innovations today, but it’s only half of the puzzle — there needs to be a humanizing force to any invention for it to become relevant and important. What’s missing is the raison d’etre of a STEM outcome. That could only come from an IDEA-based approach — “Intuition, Design, Emotion, Art.” In this new century, whole-innovation will emerge naturally from the marriage of STEM together with IDEA.”

While we would love to see Ryerson put on some more events in the heart of TED that exposes people to different points of view on the ideas they study everyday, as broad as our themes are for this year’s Connect IT Conference, there’s still a lot more explore.

This year we want to give people an introduction to looking at the future of business and innovation in a large part through the lens of Design and Technology. Even then though, there are still 6 different themes to explore.

Web 2.0 Expo NY: Gary Vaynerchuk (Wine Library), Building Personal Brand Within the Social Media Landscape (via OreillyMedia)

Presented by Alexander Osterwalder, author, Business Model Generation

Business Model Knowledge Fair, Amsterdam

View more documents from Alexander Osterwalder.

Marc Sniukas  » Blog Archive  » On the difference between Strategic Innovation and Business Model Innovation

- The Sequence and Outcomes of Strategic Innovation

Defining Strategic Innovation

“If you look at common definitions of strategic innovation from academic and professional publications, you can observe the following three outcomes of strategic innovation:

Strategic innovation leads to either:

• new business models (including a new value chain architecture), or
• new markets (either by creating new ones or reshaping existing ones), or
• increased value for both the customer and the company
  or a combination of these three.

Drawing upon the above said, strategic innovation can be defined as:

• a framework of interdependent content, process and context dimensions,
• facilitating the application of creativity and innovation to strategic management
• in order to enable strategic differentiation and competitive advantage,
• by challenging conventional logic and redefining the company’s business model, redrawing market boundaries, creating new markets and value improvements for customers and the company itself.”

The Business Model Canvas

This image is the business model canvas. A model designed to help teams develop a common understanding of what a business model is, and a common language for discussing them. It does this while staying simple, and understandable, without overloading beginners.

It is the start of our thinking about business models.

“The business model is like a blueprint for a strategy to be implemented through organizational structures, processes, and systems.”

Learn more about the Business Model canvas by downloading the Business Model Generation Preview ebook (pdf).

There’s a very real reason why Connect IT is different this year more than any before, and why we’re balancing three different themes in a single conference, each almost deserving of their own. What pushes the conference to dive into themes like business model generation, personal brand/identity, and social business design, is that business is done with the web. That’s a fact of how things are done in the present, and it’s also a certainty for the foreseeable future.

While other conferences choose to focus on more specific and “current” themes like cloud computing, it’s only because technologies rise and fall in popularity. When we talk about the nature of business and the web though, we’re talking about fundamental change and evolution.

We saw the first phase of the web evolve when big companies were spending tens of millions of dollars on their websites a decade ago and getting online. We then saw another phase with the acceptance of e-commerce and the idea that people would in fact spend money and purchase goods online. Recently, we’ve started to learn that consumers want to connect with others online and be a part of social experiences with both other consumers, and brands.

It’s in that nature that we have an interest in these themes. It’s based on some assumptions about how business is changing:

• That your actions online will continue to have impact online in both the ecosystem you interact with and for your own future
• That the trend will necessitate businesses to change the way they do business, and they will need to become more efficient in the digital age
• Lastly, it’s only through understanding business models, that we’ll be able to design innovative business models for tomorrow’s enterprises.

The themes of Connect IT 2010 are the themes of how business is changing. We hope you’ll join us in exploring each of these ideas further at the Connect IT Conference on March 11, 2010.

For now, join us on Twitter - @citconference.

Inspiration for this post comes from Life After Social Media Snake Oil.

Business Model Generation Toronto (#bmgenTO) View more presentations from Satish Kanwar.More coverage from our friend Satish Kanwar’s Business Model Generation Toronto meetup. This time we are featuring a deck.
This deck includes slides from Satish from Jet Cooper, Michael Anton Dila of Torch Partnership, and John Sutherland of Ennova. This deck was shown to attendees at the start of the event. While the slides won’t be able to explain everything to you, it will help explain why it’s important that we are studying business models in the first place.