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?
The Institue of Management Accountants has published a fairly exhaustive description of what management accounting is all about. If you hold that kind of position and this document identifies any activity you’re not performing today, then it should give you ideas to keep you busy for a while. And add value to your organization, too.
Brian Kurth, Vocation Vacations‘s founder, insists that “happiness and passion can and should be an integral part of what you do”. His company thus gives you an opportunity to test the waters and spend a few days experimenting with a new job without leaving your current occupation. Vocation Vacations even offers gift certificates. I’m sure you could argue this is just a sign that people complain too much, that it has always been possible to pursue your dreams if you only had the guts. As for me, I think it’s a wonderful idea.
Wired News has a short story on why it may be good for us all (well, they say America but this can safely be extended to the earth’s population) to live in a world of expensive oil. The basic premise is that it makes alternative forms of energy more economically viable.