Business model innovation is job one for organizational leaders. But what is that job?
Let’s consider first how learning and improvement optimally take place.
In the last several years, Russian athletic coaches and trainers learned something very profound. Athletes could dramatically improve their performances by spending half their time thinking about perfect performance and half their [...]
What’s involved in business model innovation? You simply need to focus on opportunities that usually pay off.
Let’s imagine that your children operate a lemonade stand in front of your house one day. You provide the supplies and help with the preparations.
Let’s assume that you want to help your children offer a better value [...]
You need to know what a business model is. Let’s consider a child’s lemonade stand to help with your understanding.
Assume you are a parent of two children who set up and operate a lemonade stand in front of your house one day. You provide the supplies and help with the preparations.
Business models contain seven [...]
Business models contain seven dimensions that define how well your organization is positioned to serve customers and defeat the competition. Here is the list:
1. “Who?” defines all the stakeholders you are serving or affecting.
2. “What?” describes the offerings and their benefits and negative influences that affect each stakeholder.
3. “When?” captures the timing of offerings’ effects [...]