Practical sheet | REF: FIC0927 V1

Strategic innovation, or how to innovate a company's business model

Author: Michel BARTH

Publication date: August 10, 2024 | Lire en français

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9. Mistakes to avoid

9.1 Don't focus on supply-side transformation alone to innovate

Innovation often lies in enriching or transforming a company's product or service offering. But it can also concern the transformation of the revenue model or the way the offer is delivered through the underlying processes, or even all three simultaneously.

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9.2 Don't confuse strategic innovation with incremental innovation

Incremental innovation consists in simply improving the various components of the business model at the margin,...

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Mistakes to avoid