WHAT IS BUSINESS MODEL INNOVATION?

A WAY TO CONCEPTUALISE AND UNDERSTAND

ORGANISATIONS

AS SYSTEMS THAT HAVE COMMON COMPONENTS

TO UNDERSTAND AN ORGANISATION BUSINESS MODEL

THINK ABOUT THESE 8 THINGS

1. WHAT VALUE DOES IT CREATE?

2. WHO DOES IT SERVE?

3. WHAT SETS IT APART?

4. WHAT RESOURCES DOES IT NEED?

5. WHO ARE THE IMPORTANT RELATIONSHIPS?

7. HOW DOES IT MAKE MONEY?

8. WHAT ARE ITS MAJOR COSTS?

NOW LETS CONSIDER BUSINESS MODEL INNOVATION

GO BEYOND PRODUCT

INNOVATION

WHO ARE YOU?

HOW DO YOU WORK?

WITH WHOM?

WHAT VALUE DO YOU CREATE?

HOW DO YOU CAPTURE THAT VALUE?

HOW SUSTAINABLE IS YOUR BUSINESS?

TODAYS BUSINESS WORLD IS HYPER COMPETITIVE

MANAGERS MUST!!!!

EXPLOIT EXISTING BUSINESS MODELS

EXPLORE NEW BUSINESS MODELS

AND….

ADAPT OR DIE

IN AN ERA OF RAPID CHANGE