(Published in Business Mirror, under the Mirror Image column, June 14, 2006) “Business model innovation is becoming the new strategic differentiator”- this is one of the findings in "Expanding the Innovation Horizon," the 2006 IBM Global CEO Study reporting on the agenda of CEOs in the next few years. The results are based on interviews conducted recently by IBM and the Economist Intelligence Unit (EIU) with 765 chief executives from around the world. With ever changing markets, globalization, and stiffer competition, companies need to innovate to survive and grow. According to the study, innovation is no longer about inventing new products and services, but more on innovating business models and competing in new ways. So what is a business model and how can it be the centerpiece of innovation? Amit Singh Sisodiya, author of “Business Models - An Introduction” defines business model (which he also referred to as business design) as “the mechanism by which a business intends t
This blog features a collection of my articles, essays, and research studies on business, management, and social issues and subjects published in local (Philippines) and international publications. It also includes selected speeches and talks to academic and professional audience. (The views and comments in this blog do not reflect those of my past, present, and future employers)