Comments on: Financial Crisis – an Opportunity for Business Model Innovation? http://www.businessmodelalchemist.com/2009/01/financial-crisis-opportunity-for.html Just another WordPress weblog Fri, 12 Mar 2010 08:48:00 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Colin Pons http://www.businessmodelalchemist.com/2009/01/financial-crisis-opportunity-for.html/comment-page-1#comment-1084 Colin Pons Sun, 01 Feb 2009 16:35:00 +0000 http://localhost:8888/2009/01/financial-crisis-an-opportunity-for-business-model-innovation.html#comment-1084 The financial crisis could stimulate companies to explore underserved markets such as underserved consumers and non-consumers. Due to worries about how the crisies affects them (or already has) consumers may be searching for alternative solutions that are cheaper or provide more 'productivity' The financial crisis could stimulate companies to explore underserved markets such as underserved consumers and non-consumers. Due to worries about how the crisies affects them (or already has) consumers may be searching for alternative solutions that are cheaper or provide more ‘productivity’

]]> By: Alex Osterwalder http://www.businessmodelalchemist.com/2009/01/financial-crisis-opportunity-for.html/comment-page-1#comment-1083 Alex Osterwalder Sat, 31 Jan 2009 05:45:00 +0000 http://localhost:8888/2009/01/financial-crisis-an-opportunity-for-business-model-innovation.html#comment-1083 @Sandy: it's simply using the font "Handwriting - Dakota" in MS PowerPoint for Mac... @Sandy: it’s simply using the font “Handwriting – Dakota” in MS PowerPoint for Mac…

]]> By: Alex Osterwalder http://www.businessmodelalchemist.com/2009/01/financial-crisis-opportunity-for.html/comment-page-1#comment-1082 Alex Osterwalder Sat, 31 Jan 2009 05:44:00 +0000 http://localhost:8888/2009/01/financial-crisis-an-opportunity-for-business-model-innovation.html#comment-1082 I absolutely agree with you, Ronald! I absolutely agree with you, Ronald!

]]> By: Sandy http://www.businessmodelalchemist.com/2009/01/financial-crisis-opportunity-for.html/comment-page-1#comment-1081 Sandy Fri, 30 Jan 2009 16:22:00 +0000 http://localhost:8888/2009/01/financial-crisis-an-opportunity-for-business-model-innovation.html#comment-1081 Wow...what presentations. I especially loved the Ipod Business model one.<br/><br/>Would it be too much to ask how you got the "handwritten" styled charts in that one?<br/><br/>Great job! Wow…what presentations. I especially loved the Ipod Business model one.

Would it be too much to ask how you got the “handwritten” styled charts in that one?

Great job!

]]> By: Vidhya http://www.businessmodelalchemist.com/2009/01/financial-crisis-opportunity-for.html/comment-page-1#comment-1080 Vidhya Fri, 30 Jan 2009 10:10:00 +0000 http://localhost:8888/2009/01/financial-crisis-an-opportunity-for-business-model-innovation.html#comment-1080 I have an intuition that underneath these crisis, there should be something untapped that could benefit all. I have been thinking exactly about this post for a while.. <br/>I wanted to understand the reality of this crisis and found that people are been laid off, because either their employer had no work to give them (services sector) or they had to reduce headcount to save some money (may be products sector). <br/>The products employer cannot make more profit because of shrinking people's spending attitude and insecure feeling (May be because of the lay-offs).<br/>On the other hand, the services employer cannot rope in more work because their clients dint want to spend more as the demand is lessening. <br/>Essentially in a nutshell, people and companies feel insecure in spending which creates this vicious circle of crisis and lay-offs.<br/><br/>As you have mentioned the companies can tap this opportunity if they want to sustain longer in future.<br/>For example, we could see that there is a large human resource pool now available, may be also with compromises in salary. Companies can tap it by<br/>involving them as Prosumers (Consumers as also Producers). A very good example may be of Apple's iStore, which enabled many outsiders to develop applications and sell them through iStore.<br/><br/>There can really be innovative Prosumer products that can be made as compelling products, by tapping the availability of laid-off people and gain people's trust.<br/><br/>I would be happy to know your comments about my thoughts. I have an intuition that underneath these crisis, there should be something untapped that could benefit all. I have been thinking exactly about this post for a while..
I wanted to understand the reality of this crisis and found that people are been laid off, because either their employer had no work to give them (services sector) or they had to reduce headcount to save some money (may be products sector).
The products employer cannot make more profit because of shrinking people’s spending attitude and insecure feeling (May be because of the lay-offs).
On the other hand, the services employer cannot rope in more work because their clients dint want to spend more as the demand is lessening.
Essentially in a nutshell, people and companies feel insecure in spending which creates this vicious circle of crisis and lay-offs.

As you have mentioned the companies can tap this opportunity if they want to sustain longer in future.
For example, we could see that there is a large human resource pool now available, may be also with compromises in salary. Companies can tap it by
involving them as Prosumers (Consumers as also Producers). A very good example may be of Apple’s iStore, which enabled many outsiders to develop applications and sell them through iStore.

There can really be innovative Prosumer products that can be made as compelling products, by tapping the availability of laid-off people and gain people’s trust.

I would be happy to know your comments about my thoughts.

]]> By: Ronald http://www.businessmodelalchemist.com/2009/01/financial-crisis-opportunity-for.html/comment-page-1#comment-1079 Ronald Thu, 29 Jan 2009 10:28:00 +0000 http://localhost:8888/2009/01/financial-crisis-an-opportunity-for-business-model-innovation.html#comment-1079 What is risky, that is the key question. A disruptive concept may appear risky, but still it is the only way out. I would even suggest that every innovative concept should be/is disruptive by nature...<br/><br/>Cut out the dead wood may help, only in conjunction with a strong management vision of the future. If not, the cuts are just to save cost and knowledge capital is distroyed: unforgivable!<br/><br/>It amazes me that so few companies are (re)thinking (about) their business model/concept/future and only react...many of these companies will not survive the next 5 years, since they offer no longer any added value and stakeholders are better off without them... What is risky, that is the key question. A disruptive concept may appear risky, but still it is the only way out. I would even suggest that every innovative concept should be/is disruptive by nature…

Cut out the dead wood may help, only in conjunction with a strong management vision of the future. If not, the cuts are just to save cost and knowledge capital is distroyed: unforgivable!

It amazes me that so few companies are (re)thinking (about) their business model/concept/future and only react…many of these companies will not survive the next 5 years, since they offer no longer any added value and stakeholders are better off without them…

]]> By: Alex Osterwalder http://www.businessmodelalchemist.com/2009/01/financial-crisis-opportunity-for.html/comment-page-1#comment-1078 Alex Osterwalder Wed, 28 Jan 2009 19:41:00 +0000 http://localhost:8888/2009/01/financial-crisis-an-opportunity-for-business-model-innovation.html#comment-1078 Very good point Rik! The post should have mentioned risk aversion during downturns. One thing companies certainly wont do during such a severe crisis is invest time, energy and money in risky ventures. <br/><br/>However, a crisis is the right time to create the conditions for future business model innovation. It also allows exploring avenues for future growth and expansion. Very good point Rik! The post should have mentioned risk aversion during downturns. One thing companies certainly wont do during such a severe crisis is invest time, energy and money in risky ventures.

However, a crisis is the right time to create the conditions for future business model innovation. It also allows exploring avenues for future growth and expansion.

]]> By: Rik http://www.businessmodelalchemist.com/2009/01/financial-crisis-opportunity-for.html/comment-page-1#comment-1077 Rik Wed, 28 Jan 2009 18:42:00 +0000 http://localhost:8888/2009/01/financial-crisis-an-opportunity-for-business-model-innovation.html#comment-1077 It's tempting to think that the financial crisis opens organisations to creative risk taking. However, reality is that nothing makes us more risk averse than losing money.<br/><br/>Yes it is true that you can succeed with business model innovation in a financial crisis, but in my opinion it must be driven by customer needs - you find alternative business models that reduce customers' risks and short term costs.<br/><br/>Perhaps what opens up for more long term business model innovation is an intermediary recession model, which opens up for a new and different longer term business model for your company. <br/><br/>I guess my opinion is that you're right, that the downturn opens up for business model innovation, but that the external drivers are more important than you give them credit for in your blog post. It’s tempting to think that the financial crisis opens organisations to creative risk taking. However, reality is that nothing makes us more risk averse than losing money.

Yes it is true that you can succeed with business model innovation in a financial crisis, but in my opinion it must be driven by customer needs – you find alternative business models that reduce customers’ risks and short term costs.

Perhaps what opens up for more long term business model innovation is an intermediary recession model, which opens up for a new and different longer term business model for your company.

I guess my opinion is that you’re right, that the downturn opens up for business model innovation, but that the external drivers are more important than you give them credit for in your blog post.

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