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Using Innovative Consumer Business Models to Cook-Up Billion-Dollar Businesses


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As Uber upends the taxi, general transportation, and shipping industries and as Airbnb redefines the hospitality industry, consumer-facing business model innovation is all the rage right now, with billion-dollar acquisitions, IPOs, and fast-growing businesses. Novel consumer business models are affecting nearly every way consumers engage with a product, from selection to acquisition to using the…

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Low-Carbon Fuel Standard: Why California’s Transportation Fuel Policies Will Become a Global Phenomenon


Ever since the 2015 United Nations Climate Change Conference (COP21), the topic of carbon has been front and center in academic, corporate, and government circles. The general consensus, aside from a few climate change detractors like the U.S. President-elect, is that the world must significantly reduce global carbon emissions by 2030. However, no one has…

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Does My Company Need a Blockchain Strategy Now?


In 2016, no word produced more fear and excitement than blockchain (besides Trump), leaving executives in nearly every industry to ask themselves whether they now need a blockchain strategy. Blockchain started with Bitcoin, has quickly moved elsewhere in finance, and is now moving well beyond. Many industry participants believe that blockchain is as revolutionary as…

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How Will Chemical and Material Companies Capture Value in the Future?


Culmination of decades-long trends in science, business, and government are leading to redistributed everything, shifting how value is captured — between capex and opex, products and services, hardware and software, and even between industries. One result is that companies in the chemical and material industry are vulnerable to losing out on their usual bread-and-butter businesses….

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Galileo’s Lessons for the Chemical Supply Chain


First year physics students are often shown a dramatic illustration of Galileo’s law that all objects near to earth fall at equal acceleration regardless of the object’s weight. In the experiment shown below, the projectile is fired at the precise moment the monkey releases its hold on the tree in an effort to avoid the…

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Re-evaluating Li-ion Risk in Light of Recent Samsung Battery Fires


The widely-publicized Samsung Galaxy Note 7 lithium-ion (Li-ion) battery fires add another case in the file of Li-ion battery fires that already includes Dell, Boeing, and scores of hoverboard manufacturers. The fires have not revealed anything new about Li-ion batteries – they store large amounts of energy in a small space and, on occasion, fail…

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Lux Executive Summit Americas – Video Interview – Bill Benson, Director, Advanced Technologies, Worthington Industries


Bill Benson, Director of Advanced Technologies at Worthington Industries spoke with Lux Research’s VP of Research, Michael Holman, about how Worthington innovates most effectively both within their innovation group and with the larger organization. Bill and Mike discussed: Innovating for both its B2B and B2C businesses and how it aligns its three innovation groups –…

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Five Actions Every Business Should Take to Survive—and Grow—in the Age of Digital Transformation


The term “Digital Transformation” accompanies a new wave of digital technologies, from driverless cars, to wearable electronics, augmented and virtual realities, and 3D printing. With that, confusion around the impact of digital technologies remains, and in the midst of buzzwords like ‘connectivity’, ‘IoT’, and ‘smart’- everything, it is easy to lose sight of the fact…

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Innovating Against Currents of Pricing, Regulatory, Misinformation, and Supply Chain Uncertainty


Choosing to put resources toward innovation is hard even in the best of times. Innovation can take years to show a return on investment and therefore challenging to justify in today’s budgets. This challenge is particularly strong when external forces are putting pressure to not innovate. We see four major currents working against innovation: Pricing…

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How New Business Models Get Past Early Adopters and Into the Majority


New technology is usually too expensive for the masses to afford. Take Tesla for example, which makes the world’s only truly compelling electric vehicles: With an average purchase price close to $100,000, these vehicles would break the budget for the average consumer. More broadly, even mainstream innovations like consumer electronics, renewable energy, and advanced healthcare…

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