Alex Osterwalder posted a while ago his first public draft of a business model innovation manual, which looks like an interesting framework.
I’ve essentially seen Clayton Christensen (“The Innovator’s Dilemma“) quoted in the context of the high-tech industry so it was refreshing to read about him in a post about innovation in wealth management. Alex Osterwalder suggests a few questions to ask yourself if you intend to identify “the next Skype of Private Banking”:
- What are the unfulfilled needs and niche markets?
- Which innovations (products & services, business models, technology, processes) are perceived as substandard?
- Which disruptive innovations have already conquered a niche market and are expanding customer numbers?
- Is any disruptive innovation already changing the incumbents’ market?
What do you think?