As the Internet of Things (IoT) spreads, the implications for business model innovation are huge.Filling out well-known frameworks and streamlining established business models won’t be enough.To take advantage of new, cloud-based opportunities, today’s companies will need to fundamentally rethink their orthodoxies about value creation and value capture.
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Read more on Disruptive innovation or related topics Design thinking and Web-based technologies Gordon Hui leads the Business Design & Strategy practice at Smart Design , a design and innovation consultancy with studios in New York, San Francisco, and London.
Follow him on Twitter @gordonhui .
New! HBR Learning Innovation and Creativity Course Accelerate your career with Harvard ManageMentor®.HBR Learning’s online leadership training helps you hone your skills with courses like Innovation and Creativity.Earn badges to share on LinkedIn and your resume.Access more than 40 courses trusted by Fortune 500 companies.
Unlock your team’s curiosity and willingness to take smart risks.Start Course Learn More & See All Courses Read more on Disruptive innovation or related topics Design thinking and Web-based technologies.
