While minor innovations, such as efficiency improvements, can nudge a downward-sloping performance frontier up a bit, only major innovations in products, processes, or business models can shift the slope from descending to ascending.
Today, when companies such as Airbnb, Kickstarter, and Rent the Runway prove that their new business models can shift the market, established companies must look at their strategies and operations with fresh eyes.
A Champions League trophy has eluded the Spaniard in Munich but the club have been extremely pleased with the team's development into football's equivalent of the Terminator II model: they can shift shape at will, adapt to any situation and take down their opponents in a myriad ways.
Depending on the pH, the model peptide can shift the registration of residues and still keep an antiparallel β-sheet organization.
Models, however, can shift.
If demand for one model dips, production can shift to a more popular version built on the same platform.The increasing use of new tools such as computerised virtual design helps cut the cost and length of time needed to bring new models to market, but it is still an expensive process.
Both modes occur in models containing acquisition of resistance and competition, and a small change in parameters can shift models from one mode to the other.
"I think it's dangerous right now because a lot of quants are working on what I call regime-change models," or strategies that can shift suddenly with the underlying currents in the market, said Margaret Stumpp, the chief investment officer at Quantitative Management Associates in Newark.
It made us think about work differently and look at how we can shift the model in the permanent spaces".
