Business model innovation is about increasing the success of an organization with existing products and technologies by crafting a compelling value proposition able to propel a new business model to scale up customers and create a lasting competitive advantage. And it all starts by mastering the key customers.
- The importance of business model innovation
- Business model innovation enables you to create competitive moats
- A multi-faceted concept
- Analysts use business models to produce financial analyses
- Academics study business models for the sake of classifying things
- Most people confuse business models for business plans
- Startups confuse business models for monetization strategies
- Business model innovation is an experimentation mindset for entrepreneurs
- An entrepreneur is not a scientist
- Business model innovation is at the same time a mindset, a framework and a set of tools for entrepreneurs
- Myth one: the best product wins
- Myth two: technology is what gives a competitive advantage
- Myth three: business model innovation is just about how you make money
- What kind of questions do you need to ask with business model innovation?
- Paths toward business model innovation
- Engineer an innovative business model from scratch
- Find an innovative business model along the way
- Use business model innovation as a survival mechanism
- Business model innovation examples
- Netflix business model innovation (case study)
- Amazon business model innovation (case study)
- Apple business model innovation (case study)
- Google business model innovation (case study)
- Facebook business model innovation (case study)
- Is business model innovation for anyone?
- Key takeaways