MBM
Profitably creating and capturing value in new and different ways.
What is innovation?
Developing new, improved alternatives for existing processes
What is creative destruction?
Offering a product or service that customers prefer while using fewer resources
What is value creation?
Learning based on your own and others’ experience, and testing a hypothesis
What is experimental discovery?
Creating superior value for customers, consuming fewer resources, and acting lawfully and with integrity
What is value creation?
This should be the driver of all innovation, ______.
What are customer needs?
Creative destruction is described as "the process of _____"
What is industrial mutation?
Value creation contributes to the well-being of ______.
What is the society?
The MBM model that outlines the status quo will soon not be good enough
What is the Human Action Model?
The foundation of creating long term value is _______
What is the customers?
To succeed a company must offer products or services customers value more highly than ________
What is the alternatives?
To create value by economic means, our actions must be beneficial to our ________
What is our society / community?
A business that does not contribute to the well-being of society should _______
What is close/go out of business?
Developing relationships where both parties succeed.
What is mutual benefit?
An example of creative destruction.
What is any real-world example you've noticed of creative destruction?