Business model innovation lessons abound in the daily news, and not just in the business section. CNN and Fox News provide recent examples. Both offered breaking but inaccurate news that the US Supreme Court ruled Obama’s signature healthcare reform – the Affordable Care Act (ACA) – as unconstitutional. Their paradigm – a mental model for how things work – coupled with competition to offer breaking news resulted in their reporting mistake. Most of the courtroom and media debate about the ACA centered on whether the US Constitution’s commerce clause allowed the federal government to mandate insurance coverage. This discussion produced a paradigm that the case would be ruled on this clause. Chief Justice Robert’s reading of the majority decision even started with the mandate not being constitutional under the commerce clause. So CNN and Fox jumped to a false conclusion. That’s what paradigms…