Developing Sustainable Business Models (Chapter 11 from Disrupt Together)
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Developing Sustainable Business Models is part of Philadelphia University's breakthrough approach to innovation: one that links business, design and engineering, and delivers extraordinary results in both new and existing ventures. First, Dr. Stephen Spinelli and Heather McGowan introduce this "Disrupt Together" approach, explain its deep roots in design thinking, and show how it generates far more high-value ideas for innovation. Next, Nabil Harfoush drills down to focus specifically on business modeling for new innovations.
Harfoush shows how to develop and evaluate several alternative business models, identify and pursue the most promising combinations, and then develop detailed business plans that widen your strategy options and offer higher ROI potential. Along the way, he introduces techniques that promote collaboration across various business lines, helping you overcome obstacles and inefficiencies that often slow down the process of taking innovations to market.
Developing Sustainable Business Models is one of 15 e-chapters addressing all facets of innovation, from design processes and team development to business models and value delivery. Each is crafted by a pioneering business innovator – and they all integrate into today's most coherent, realistic blueprint for innovation. For all entrepreneurs, executives, managers, strategists, and students who want to drive more value from innovation.
Nabil Harfoush is Director of Strategic Innovation Lab at OCAD University in Toronto, and Assistant Professor in its Strategic Foresight and Innovation Masters Program. He leads a research group on Strongly Sustainable Business Models. He is a Fellow at Philadelphia University, where he teaches Business Model Innovation. He has over 40 years of experience as engineer, executive, entrepreneur, and educator. He has consulted for enterprises, governments, the World Bank, WHO, UNESCO, and IDRC, and has served as CIO of several technology companies. He holds a master's degree in computer engineering and a Ph.D. summa cum laude in digital data communications.
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Stephen Spinelli, Jr., Ph.D., Philadelphia University's President, led its strategic transformation, including a capital campaign spearheaded by a $20 million gift to endow the Maurice Kanbar College of Design, Engineering and Commerce. He has held leadership positions at Babson College and many prominent associations, and serves on several boards. He holds a Ph.D. in Economics from The Management School, Imperial College (London); an MBA from Babson College, and a BA in Economics from McDaniel College. He began his professional life as co-founder of Jiffy Lube.
Heather McGowan, an entrepreneurial strategy consultant, specializes in leading and communicating transformational change. At Philadelphia University, she developed strategy, curriculum, and advisory networks for the Kanbar College of Design, Engineering, and Commerce (DEC), winner of the 2012 Core 77 global competition for innovation in design education. She has advised executives at several startups, and brought 25+ products to market. She holds a BFA in Industrial Design from Rhode Island School of Design and an MBA in Entrepreneurship from Babson College.
