The mindset, vision, competency, capability, culture, and marketing opportunity are all great starting points for business model innovation.
"Digital Master” is a series of guidebooks (28 + books) to perceive the multi-faceted impact digital is making to the businesses and society, help forward-thinking organizations navigate through the journey in a systematic way, and avoid “rogue digital.” It perceives the emergent trends of digital leadership, provides advice on how to run a digital organization to unleash its full potential and improve agility, maturity, and provide insight about Change Management. It also instructs the digital workforce on how to shape a game-changing digital mindset and build the right set of digital capabilities to compete for the future. Here is a set of “Business Model” quotes in “Digital Master."
1 The business Model describes the rationale of how an organization creates, delivers, and captures the multidimensional value.
2 A business model is an entire frame of elements that describe the intents and constraints of a business or organization.
3 Tuning business model is all about foreseeing and applying the emerging trends, that’s where you win the competitive advantage.
4 The mindset, vision, competency, capability, culture, and marketing opportunity are all great starting points for business model innovation.
5 A business model should not only be used for describing, analyzing, and predicting the evolution of a business system, but also provide a framework for managing its performance throughout the business growth life cycle.
6 Business models should be simple, intuitive, but it doesn’t mean it should be too abstract to come up with a step-wised approach.
7 Business models can be holistically evolved through feedback and probes, subjectively and objective evolved, refined, changed, measured, and then repeated.
8 The business model is not static, but a living thing, to enable organizations renewing themselves for generating new revenue stream and business value.
9 A strong business model is difficult to copy and it is differentiated in the marketplace. But there are also numerous barriers or pitfalls to make it work and sustain its value.
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