Using the company Hoowaki as an example, David Summa shares an article that illustrates how business model innovations can drive new revenue streams. In my last post, I wrote about business model innovations and how it can drive new revenue streams, especially in times of changing economic and cultural landscapes or declining performance. To help illustrate this point, I’d like to talk about a recent success with Hoowaki. Hoowaki is a materials science company in South Carolina that for…

Umbrex is pleased to welcome David Summa with Business Model Innovation.  Dave has 10 years in management at Fortune 100 companies; 10 years as CEO of Silicon Valley startups; over 60 years of experience on Board of Directors; and was a partner at McKinsey where he ran the Global Innovation Practice.  Today, Dave is a partner in Business Model Innovation LLC where he advises CEOs, does consulting projects and takes on acting management assignments.  He has operating and consulting experience…