IAM Talking: Business Model Innovation – White Space and You – With Mark Johnson, Author of Seizing the White Space
Welcome to IAM Talking, a periodic podcast interview series, with your host, Dan Keldsen, Co-founder and Principal at Information Architected.
Today, the topic is Business Model Innovation – White Space and You.
In this episode, I am interviewing Mark Johnson, the author of a new book, Seizing the White Space: Business Model Innovation for Growth and Renewal.
Mark is chairman of Innosight, a strategic innovation consulting and investing company with offices in Massachusetts, Singapore, and India, which he cofounded with Harvard Business School professor Clayton M. Christensen. He has consulted to Global 1000 and start-up companies in a wide range of industries—including health care, aerospace/defense, enterprise IT, energy, automotive, and consumer packaged goods—and has advised Singapore’s government on innovation and entrepreneurship.
Mark’s most recent work has focused on helping companies envision and create new growth, manage transformation, and achieve renewal through business model innovation.
Find copies of his new book, Seizing the White Space: Business Model Innovation for Growth and Renewal, at your favorite online or brick and mortar book store. The official website for the book is www.seizingthewhitespace.com.
Key Concepts Covered on White Space Innovation
We cover several of the key concepts, including a deep dive into the Customer Value Proposition (CVP) and the “job to be done” mindset that Innosight typically uses in their work, which is part of an overall trend in innovation management that focuses on the outcomes that customers are searching for, rather than the products, services, or solutions-based approach, which is rapidly becoming a dated and dangerous approach.
We also discuss several aspects of innovation maturity – both from the standpoint of innovation practices, product innovation vs. process innovation vs. white space or business model innovation, as well as maturity in skillsets and personnel to execute on a variety of innovation initiatives.
Reference Materials for White Space Innovation
For reference, two of the figures or graphics referenced from the book, can be found below.
The Four-Box Business Innovation Model
And the Stages of Business Model Implementation
Whether you are just getting started with innovation management, or are already a seasoned innovator, I would readily recommend Seizing the White Space as a worthy addition to your innovation toolkit. Business Model Innovation may be the latest flavor of innovation to get air time, but not without good reason. By re-thinking the fundamentals of at least SOME aspect of your innovation portfolio, to make way for White Space Innovation opportunities, you will be in far better shape than your “head in the sand” competitors.
Is your Information Architected for Innovation? for White Space discovery?
Contact us at 617-933-9655 to discuss how you can put in place systematic tools, techniques and yes, technology to make the most of the strengths of the people within your organization
More details on our practices related to Collaboration and Innovation can be found at:
Tags: business model innovation, culture, Dan Keldsen, disruptive innovation, IAM Talking, Information Architected, Innosight, innovation, Innovation Management, Mark Johnson, thought leadership, white space innovation