Business Model Optimization

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Business Model Innovation Helps a Business Fulfill Its Purpose

The primary goal of business model innovation is to realize new revenue sources or improved margins by improving product value and how products and services are delivered to customers  A business model is the conceptual structure supporting the viability of a business, including its purpose and its ongoing plans for achieving them. At its simplest, …

Creating Value Through Business Model Innovation

Companies often make substantial efforts to innovate their processes and products to achieve revenue growth, and to maintain or improve profit margins. Innovations to improve processes and products, however, are often expensive and time-consuming, and require considerable upfront investment, making management hesitant to place such big bets on product or process innovation. Instead, companies are …

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