‘Six Degrees Of Innovation’; The Six Business Model Features Companies Need To Innovate

Six Degrees of Innovation, are:

  • Tailor-made products and services that meet customers’ individual needs; such as downloading personalized apps to a mobile phone.
  • Sustainability; where companies minimize waste and manage resource costs.
  • Jointly owned assets; such as peer-to-peer businesses.
  • Only paying for service that is used; such as car-share companies.
  • Effective monitoring of supply chains; such as businesses which use handheld tracking systems to better monitor their operations.
  • Using data to easily adapt to customer needs; such as clothing companies that can quickly produce new designs to meet fashion trends

Sourced through Scoop.it from: www.marketwatch.com

Six degrees of innovation… do you agree with these?

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