Interesting interview with Trent Reznor of Nine Inch Nails about the music industry, notably about business model innovation (hat tip to Peter Froberg of Freemium.org). They’ve done business model innovation and have the legitimacy to talk about it 
What an amazing industry to innovate in these days!
Archive for April, 2009
Apr 21, 2009
Video Interview with NIN About Business Model Innovation in Music
Alexander Osterwalder
Apr 9, 2009
Business Model Knowledge Fair, Book Launch and other Upcoming Events
Alexander Osterwalder
I’m excited to announce the Business Model Knowledge Fair and Book Launch Party on June 19 2009 in Amsterdam (register now for early-bird rate). Though we still have some path to go to finish the business model book, I’m really looking forward to the event. It will be a special day where we have working sessions around the book content and share knowledge and experience with business model practitioners! It will be a unique and particular event and you will get a limited special launch edition of the book.
As a reader of my blog you get a special discount off the entry price. The first 10 people get a crazy 35% discount (discount registration code: “bizmodelblog35″). When those are sold out you get still get a nice 10% (discount registration code: “bizmodelblog10″).
I will also be speaking at a couple of other public events this Spring:
- April 16. Oslo (Norway): Keynote at BEKK Business Model Seminar (sign-up)
- May 7. Tampa (US): Keynote at Innovate Tampa Bay Summit (sign-up)
- May 15. Waterford (Ireland): Keynote at Innovate to Compete
See you around!
Apr 4, 2009
Obstacles to Business Model Innovation
Alexander Osterwalder
At each of my workshops we usually discuss what the obstacles to business model innovation are in companies. I thought it could be interesting to open up this discussion to the Web through my blog. Please share your experience rather than just an opinion.
Some of the most frequent points mentioned were:
- current success – it prevents companies from asking themselves how their business model could be replaced
- risk avoidance – people are often unwilling to take risks on a personal level, but also as an organization. It is easier to stick with the status quo.
- organizational structures – because they are not designed for new business models to emerge. They sustain the status quo.
- lack of customer understanding – of course organizations understand their customers, but not good enough to design new business models that address their emerging needs.
- required size of innovations – in big companies a potential new business model must immediately demonstrate an opporunity of millions of additional revenue.
These were just some few points to kick-off the discussion. Please share your EXPERIENCE!
You may also want to share your experience from a start-up perspective. What is preventing start-ups from more business model innovation (though many innovative BMs come from that universe…).