Business Model Innovation
Innovating Your Business in a Changing World
Many executives find their organisations in a rapidly changing environment threatening the core profit engine. In every economic sector, both private and public, disruptive changes are underway and accelerating, driven by market volatility, technological advances, shifting demographics, regulatory changes, new competitors and other factors testing the limits of the existing business models. Today, most organisations rely too heavily on new product development and process improvements, both incremental innovation approaches that offer little respite to counter these disruptive forces and therefore lead to diminishing returns over time.
Few organisations have the know-how nor the executive commitment to reinvent their business model (or value creation formula). Those that do, however, are rewarded with sustained margin growth and superior shareholder return.