Innovation starts with a better business model

Creating cutting-edge products simply isn't enough in today's competitive world, because eventually, someone will copy them. To truly foster advancement, companies must create better business models. It's so important, in fact, that a recent survey found that companies that put an emphasis on business model innovation performed better than companies that didn't. To make sure your business model remains fresh, it's important to keep challenging the logic of your existing business model and be willing to change your mindset and processes. Practicing open innovation and having an open business model is the key to corporate survival in the 21st century.

To read more about the benefits of an open business model:
- read the article at Computing Business