what is business model innovation?
Post on 17-Oct-2014
346 views
DESCRIPTION
http://metabiz.com.au - A business model is a way to conceptualise and understand organisations as systems that have common components. To understand an organisations business model think about these 8 things: 1. What value does the organisation create? 2. Who does the organisation serve? 3. What set it apart? 4. what resources does it consume? 5. Who are the Important relationships? 6. What are the channels to deliver value? 7. How the organisation generates it’s cash 8. What are the organisations major costs Now to think about business model innovation…. Business model innovation goes beyond just thinking about the products you sell and looks at what makes your organisation what it is! Who you are? How you work? With whom you collaborate? What value you create? How you Capture that value? How Sustainable is your organisation? And… todays business environment is hyper-competitive and requires us to continually re-evaluate the business model. Today’s managers must work at these two things:- exploiting existing business models - whilst exploring new business models In an era of rapid change, organisations must adapt or die. http://metabiz.com.au/blog/video-business-model-innovation/TRANSCRIPT
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