Don’t build a better mousetrap. Change the business model

According to Whitehurst, companies today have a greater opportunity than ever to solve customer problems by creating transformative business models–for three key reasons:

  1. The changes in technology brought about by open source and the cloud make it easy to create IT infrastructure very quickly.
  2. The growing acceptance of the power of the participation enables customers to become more involved and companies to get help from the community.
  3. The 21st century workforce provides people who are open to new ideas and are looking to break down hierarchy and create meritocracy.

Posted via web from stirring the frogpond

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