is the umbrella term used to describe
the method – position in the value chain, customer selection,
products, pricing – of doing business.
the process by which a company actually makes money by specifying
how it is going to charge for the services provided.
What is Business Model?
mature companies often forget or forsake the thing that made them
successful in the first place: a customer-centric business model. They lose
focus on the customer and start focusing on the bottom line and
quarterly results. They look for ways to cut costs or increase revenues,
often at the expense of the customer. They forget that
satisfying customer needs and continuous
value innovation is the only path to
. This creates opportunities for new, smaller
companies to emulate and improve upon what made their bigger competitors
successful in the first place and steal their customers...
New Dynamic Business Models
Business model is a broad-stroke picture of how an
innovative concept will create economic value for the ultimate user, for the
firm and its shareholders and partners. It considers the infrastructure
required to move the product/service to the market in a manner that it both
easy and convenient for customers and profitable for the firm.
new economy of unrelenting change and competition, your face a daunting
challenge: how to sustain the business model of your firm. No matter how
bulletproof it is, it will be challenged by
new business models. The new reality is that business models have
shorter shelf life. You must constantly attempt to discover new business
models if you hope to survive and
The Role of the
It takes a
take an innovative business idea into a successful
venture and achieve
lasting business success.
Business architects are
cross-functionally excellent people who can tie several silos of
business development expertise together, create
synergies, and then
people who will put their plans into action.
initiates new business ventures
business innovation, designs a
business model, and builds a
balanced business system for a