logo
Rethinking innovation: How Business Model Hacking enhances the Business Model Canvas

Rethinking innovation: How Business Model Hacking enhances the Business Model Canvas

The Business Model Canvas (BMC) has long been a go-to framework for entrepreneurs, intrapreneurs, and strategists looking to map and analyze their business models. With its clear structure of nine essential building blocks, it provides a powerful visual tool to describe how value is created, delivered, and captured. But while the BMC excels at outlining and refining existing models, it often falls short when it comes to creating truly innovative ideas—especially when the goal is to think beyond conventional industry norms.
That's where Business Model Hacking enters the picture—and why it's proving to be a gamechanger.
What is Business Model Hacking?
Business Model Hacking is a creative strategy method that helps individuals and teams break out of traditional thinking patterns by using proven business model patterns—so-called 'hacks'—as inspiration. Instead of inventing entirely new concepts from scratch, it encourages the recombination of existing ideas from other industries to spark fresh, high-potential innovations.
This approach is not only creative, but also deeply evidence-based. Research from the University of St. Gallen reveals that 90% of the most successful innovative business models of the past 50 years weren't truly 'new'—they were based on patterns already seen in other sectors. From subscription models in software being applied to razor blades, to platform models in retail influencing healthcare services, history shows that lateral thinking across industries breeds breakthrough success.
Why Business Model Hacking Ccmplements the BMC
The Business Model Canvas gives structure—but Business Model Hacking gives spark . When combined, the two tools offer a powerful synergy: the BMC anchors ideas in strategic clarity, while hacking injects creativity and divergence.
Business Model Hacking is also highly accessible. Whether you're a startup founder, a corporate innovator, or a student, you can apply the method. With over 200 Business Model Hacks and countless examples drawn from diverse sectors, it offers the most complete resource for business model innovation available today. The sheer range of examples makes it easy to draw parallels and trigger unexpected, valuable insights.
Breaking free from industry norms
One of the biggest obstacles to true innovation is something surprisingly mundane: our own thinking habits. In almost every industry, we unconsciously accept 'the way things are done' as fixed. Whether you're running a traditional business or launching a startup, it's easy to get trapped in the conventions of your sector—pricing models, customer relationships, delivery methods—all shaped by decades of legacy thinking.
Business Model Hacking helps you break out of that mental box.
Instead of tweaking the margins of what already exists, it pushes you to look outside your industry , to borrow and adapt proven concepts from completely different sectors. It invites bold, often uncomfortable questions that lead to fresh, disruptive insights.
Imagine you're an auto dealer in the Netherlands.
Your business is solid: you sell new and used cars, offer maintenance services, maybe even lease agreements. But margins are shrinking. EVs are shaking up the market. Consumers are shifting toward mobility-as-a-service. So… now what?
Now imagine applying a subscription model, like the one used by streaming services. Instead of selling a car, you offer a 'Car-as-a-Service' package: a fixed monthly fee that covers use, maintenance, insurance, and upgrades—swappable every year. It's Netflix meets Volkswagen.
Or think even further: What if your dealership ran like a dating app? Customers fill out a lifestyle profile and are matched with vehicles that fit their driving habits, family size, weekend activities, and environmental values. Swipe right on your next car? Why not?
Or go bolder still—what if your revenue didn't come from car sales at all, but from data monetization, like Google or Meta? Your connected vehicles collect insights (with consent) that help optimize urban planning or traffic flow, which you sell to municipalities.
These ideas might sound wild, but they're not science fiction. They're inspired by real, working business models—just from other industries .
This is the power of Business Model Hacking.
By using proven patterns—freemium, pay-per-use, crowdsourcing, long-tail, platform-as-a-service, and 200+ others—you can generate radically new concepts grounded in real-world success. It's not guessing. It's pattern-based innovation.
And it's accessible to anyone: no MBA required, just a willingness to experiment, explore, and remix what already works elsewhere .
So the next time you're planning your strategy, ask yourself:
What if we did the opposite of what's normal in our industry?
That's where innovation lives.
TIME BUSINESS NEWS
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Security flaws in a carmaker's web portal let one hacker remotely unlock cars from anywhere
Security flaws in a carmaker's web portal let one hacker remotely unlock cars from anywhere

Yahoo

time7 hours ago

  • Yahoo

Security flaws in a carmaker's web portal let one hacker remotely unlock cars from anywhere

A security researcher said flaws in a carmaker's online dealership portal exposed the private information and vehicle data of its customers, and could have allowed hackers to remotely break into any of its customers' vehicles. Eaton Zveare, who works as a security researcher at software delivery company Harness, told TechCrunch the flaw he discovered allowed the creation of an admin account that granted 'unfettered access' to the unnamed carmaker's centralized web portal. With this access, a malicious hacker could have viewed the personal and financial data of the carmaker's customers, track vehicles, and enroll customers in features that allow owners — or the hackers — control some of their car's functions from anywhere. Zveare said he doesn't plan on naming the vendor, but said it was a widely known automaker with several popular sub-brands. In an interview with TechCrunch ahead of his talk at the Def Con security conference in Las Vegas on Sunday, Zveare said the bugs put a spotlight on the security of these dealership systems, which grant their employees and associates broad access to customer and vehicle information. Zveare, who has found bugs in carmakers' customer systems and vehicle management systems before, found the flaw earlier this year as part of a weekend project, he told TechCrunch. He said while the security flaws in the portal's login system was a challenge to find, once he found it, the bugs let him bypass the login mechanism altogether by permitting him to create a new 'national admin' account. The flaws were problematic because the buggy code loaded in the user's browser when opening the portal's login page, allowing the user — in this case, Zveare — to modify the code to bypass the login security checks. Zveare told TechCrunch that the carmaker found no evidence of past exploitation, suggesting he was the first to find it and report it to the carmaker. When logged in, the account granted access to more than 1,000 of the carmakers' dealers across the United States, he told TechCrunch. 'No one even knows that you're just silently looking at all of these dealers' data, all their financials, all their private stuff, all their leads,' said Zveare, in describing the access. Zveare said one of the things he found inside the dealership portal was a national consumer lookup tool that allowed logged-in portal users to look-up the vehicle and driver data of that carmaker. In one real-world example, Zveare took a vehicle's unique identification number from the windshield of a car in a public parking lot and used the number to identify the car's owner. Zveare said the tool could be used to look-up someone using only a customer's first and last name. With access to the portal, Zveare said it was also possible to pair any vehicle with a mobile account, which allows customers to remotely control some of their car's functions from an app, such as unlocking their cars. Zveare said he tried this out in a real-world example using a friend's account and with their consent. In transferring ownership to an account controlled by Zveare, he said the portal requires only an attestation — effectively a pinky promise — that the user performing the account transfer is legitimate. 'For my purposes, I just got a friend who consented to me taking over their car, and I ran with that,' Zveare told TechCrunch. 'But [the portal] could basically do that to anyone just by knowing their name — which kind-of freaks me out a bit — or I could just look up a car in the parking lots.' Zveare said he did not test whether he could drive away, but said the exploit could be abused by thieves to break into and steal items from vehicles, for example. Another key problem with access to this carmaker's portal was that it was possible to access other dealer's systems linked to the same portal through single sign-on, a feature that allows users to login into multiple systems or applications with just one set of login credentials. Zveare said the carmaker's systems for dealers are all interconnected so it's easy to jump from one system to another. With this, he said, the portal also had a feature that allowed admins, such as the user account he created, to 'impersonate' other users, effectively allowing access to other dealer systems as if they were that user without needing their logins. Zveare said this was similar to a feature found in a Toyota dealer portal discovered in 2023. 'They're just security nightmares waiting to happen,' said Zveare, speaking of the user-impersonation feature. Once in the portal Zveare found personally identifiable customer data, some financial information, and telematics systems that allowed the real-time location tracking of rental or courtesy cars, as well as cars being shipped across the country, and the option to cancel them — though, Zveare didn't try. Zveare said the bugs took about a week to fix in February 2025 soon after his disclosure to the carmaker. 'The takeaway is that only two simple API vulnerabilities blasted the doors open, and it's always related to authentication,' said Zveare. 'If you're going to get those wrong, then everything just falls down.' Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

Security flaws in a carmaker's web portal let one hacker remotely unlock cars from anywhere
Security flaws in a carmaker's web portal let one hacker remotely unlock cars from anywhere

TechCrunch

time8 hours ago

  • TechCrunch

Security flaws in a carmaker's web portal let one hacker remotely unlock cars from anywhere

A security researcher said flaws in a carmaker's online dealership portal exposed the private information and vehicle data of its customers, and could have allowed hackers to remotely break into any of its customers' vehicles. Eaton Zveare, who works as a security researcher at software delivery company Harness, told TechCrunch the flaw he discovered allowed the creation of an admin account that granted 'unfettered access' to the unnamed carmaker's centralized web portal. With this access, a malicious hacker could have viewed the personal and financial data of the carmaker's customers, track vehicles, and enroll customers in features that allow owners — or the hackers — control some of their car's functions from anywhere. Zveare said he doesn't plan on naming the vendor, but said it was a widely known automaker with several popular sub-brands. In an interview with TechCrunch ahead of his talk at the Def Con security conference in Las Vegas on Sunday, Zveare said the bugs put a spotlight on the security of these dealership systems, which grant their employees and associates broad access to customer and vehicle information. Zveare, who has found bugs in carmakers' customer systems and vehicle management systems before, found the flaw earlier this year as part of a weekend project, he told TechCrunch. He said while the security flaws in the portal's login system was a challenge to find, once he found it, the bugs let him bypass the login mechanism altogether by permitting him to create a new 'national admin' account. The flaws were problematic because the buggy code loaded in the user's browser when opening the portal's login page, allowing the user — in this case, Zveare — to modify the code to bypass the login security checks. Zveare told TechCrunch that the carmaker found no evidence of past exploitation, suggesting he was the first to find it and report it to the carmaker. When logged in, the account granted access to more than 1,000 of the carmakers' dealers across the United States, he told TechCrunch. 'No one even knows that you're just silently looking at all of these dealers' data, all their financials, all their private stuff, all their leads,' said Zveare, in describing the access. Zveare said one of the things he found inside the dealership portal was a national consumer lookup tool that allowed logged-in portal users to look-up the vehicle and driver data of that carmaker. In one real-world example, Zveare took a vehicle's unique identification number from the windshield of a car in a public parking lot and used the number to identify the car's owner. Zveare said the tool could be used to look-up someone using only a customer's first and last name. With access to the portal, Zveare said it was also possible to pair any vehicle with a mobile account, which allows customers to remotely control some of their car's functions from an app, such as unlocking their cars. Zveare said he tried this out in a real-world example using a friend's account and with their consent. In transferring ownership to an account controlled by Zveare, he said the portal requires only an attestation — effectively a pinky promise — that the user performing the account transfer is legitimate. 'For my purposes, I just got a friend who consented to me taking over their car, and I ran with that,' Zveare told TechCrunch. 'But [the portal] could basically do that to anyone just by knowing their name — which kind-of freaks me out a bit — or I could just look up a car in the parking lots.' Zveare said he did not test whether he could drive away, but said the exploit could be abused by thieves to break into and steal items from vehicles, for example. Another key problem with access to this carmaker's portal was that it was possible to access other dealer's systems linked to the same portal through single sign-on, a feature that allows users to login into multiple systems or applications with just one set of login credentials. Zveare said the carmaker's systems for dealers are all interconnected so it's easy to jump from one system to another. With this, he said, the portal also had a feature that allowed admins, such as the user account he created, to 'impersonate' other users, effectively allowing access to other dealer systems as if they were that user without needing their logins. Zveare said this was similar to a feature found in a Toyota dealer portal discovered in 2023. 'They're just security nightmares waiting to happen,' said Zveare, speaking of the user-impersonation feature. Once in the portal Zveare found personally identifiable customer data, some financial information, and telematics systems that allowed the real-time location tracking of rental or courtesy cars, as well as cars being shipped across the country, and the option to cancel them — though, Zveare didn't try. Zveare said the bugs took about a week to fix in February 2025 soon after his disclosure to the carmaker. 'The takeaway is that only two simple API vulnerabilities blasted the doors open, and it's always related to authentication,' said Zveare. 'If you're going to get those wrong, then everything just falls down.'

A Russian Hacking Group Is Using Fake Versions of MetaMask to Steal $1M in Crypto
A Russian Hacking Group Is Using Fake Versions of MetaMask to Steal $1M in Crypto

Yahoo

time17 hours ago

  • Yahoo

A Russian Hacking Group Is Using Fake Versions of MetaMask to Steal $1M in Crypto

The Russian hacking group GreedyBear has scaled up its operations in recent months, using 150 'weaponized Firefox extensions' to target international and English-speaking victims, according to research from Koi Security. Publishing the results of its research in a blog, U.S. and Israel-based Koi reported that the group has 'redefined industrial-scale crypto theft,' using 150 weaponized Firefox extensions, close to 500 malicious executables and 'dozens' of phishing websites to steal over $1 million within the past five weeks. Speaking to Decrypt, Koi CTO Idan Dardikman said that the Firefox campaign is 'by far' its most lucrative attack vector, having 'gained them most of the $1 million reported by itself.' This particular ploy involves creating fake versions of widely downloaded crypto wallets such as MetaMask, Exodus, Rabby Wallet, and TronLink. GreedyBear operatives use Extension Hollowing to bypass marketplace security measures, initially uploading non-malicious versions of the extensions, before updating the apps with malicious code. They also post fake reviews of the extensions, giving the false impression of trust and reliability. But once downloaded, the malicious extensions steal wallet credentials, which in turn are used to steal crypto Not only has GreedyBear been able to steal $1 million in just over a month using this method, but they have greatly ramped up the scale of their operations, with a previous campaign–active between April and July of this year–involving only 40 extensions. The group's other primary attack method involves almost 500 malicious Windows executables, which it has added to Russian websites that distribute pirated or repacked software. Such executables include credential stealers, ransomware software and trojans, which Koi Security suggests indicates'a broad malware distribution pipeline, capable of shifting tactics as needed.' Coinbase Rolls Out DEX Trading on Its App Starting With Base—And Solana 'Coming Soon' The group has also created dozens of phishing websites, which pretend to offer legitimate crypto-related services, such as digital wallets, hardware devices or wallet repair services. GreedyBear uses these websites to coax potential victims into entering personal data and wallet credentials, which it then uses to steal funds. 'It is worth mentioning that the Firefox campaign targeted more global/English-speaking victims, while the malicious executables targeted more Russian-speaking victims,' explains Idan Dardikman, speaking to Decrypt. Despite the variety of attack methods and of targets, Koi also reports that 'almost all' GreedyBear attack domains link back to a single IP address: 185.208.156.66. According to the report, this address functions as a central hub for coordination and collection, enabling GreedyBear hackers 'to streamline operations.' Ethereum Foundation Pledges to Match $500K for Roman Storm's Legal Defense Dardikman saidthat a single IP address 'means tight centralized control' rather than a distributed network. 'This suggests organized cybercrime rather than state sponsorship–government operations typically use distributed infrastructure to avoid single points of failure,' he added. 'Likely Russian criminal groups operating for profit, not state direction.' Dardikman said that GreedyBear is likely to continue its operations and offered several tips for avoiding their expanding reach. 'Only install extensions from verified developers with long histories,' he said, adding that users should always avoid pirated software sites. He also recommended using only official wallet software, and not browser extensions, although he advised moving away from software wallets if you're a serious long-term investor. He said, 'Use hardware wallets for significant crypto holdings, but only buy from official manufacturer websites–GreedyBear creates fake hardware wallet sites to steal payment info and credentials.' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store