Business model innovation has attracted increased attention over the past five years.
We never referred to it as a
business model because we never considered it as one.
With the new millennium and the hype of electronic business a new movement was created that still gains momentum:
business model innovations.
An organization has to have a clear
business model before it can create a business plan.
I made the case that an established organisation is designed to execute a repeatable and scalable
business model as efficiently as possible.
In a quiet moment at a management off-site, your CEO whispers, "Look, our
business model just isn't getting us where we need to be.
The scenario planning exercise helps test the robustness of the "core and adjacency"
business model in future potential circumstances and allows the company to develop strategies accordingly.
has received a Notice of Allowance for a broad patent right covering its
business model and recognizing that Home-Link uniquely keeps the real estate agent involved in all aspects of home buying and selling transactions and the long-term home ownership experience.
The insurance/reinsurance
business model is still predicated on the exchange of paper and rekeying of that information into the computer systems of each company associated with the transaction.
Business model meltdown can be the result of a new business venture not founded on firm strategic footing in the first place.
If your organization needs to adapt to harsh new realities, but you don't yet have a strategy that will get you out in front of your competitors, you need
Business Model Generation.
As a result, even the most traditional industries have experienced disruption emanating from
business model innovation.
