How to Make Business Model Innovation Happen (PDF)

One of many good reasons for you to focus on your business model is that companies focusing on Business Model Innovation outperform their industry peers in terms of operating margin and total shareholder return. In this in depth article Marc Sniukas provides you with a framework to describe your business model in three easy steps; a process to start and drive Business Model Innovation within your company and an overview of tools and how they can be used in Business Model Innovation.

ABOUT THE AUTHOR:

Marc Sniukas is a principal at Doujak Corporate Development, where he consults to executive teams on issues of strategy, innovation, strategic renewal and organizational transformation across a wide range of industries. He has worked with major corporations in Europe, the US, Canada, Latin America, Saudi Arabia, the UAE, Turkey, China and South Africa.

Besides his corporate work, he has also run courses at leading business schools including Stanford's Graduate School of Business, the Boston University School of Management, and the European Business School London and he is currently researching Business Model Innovation as part of Manchester Business School's doctoral program. His mission is to help organizations make strategic innovation for growth and renewal happen.

This comprehensive guide dives into the critical aspects of Business Model Innovation, addressing the challenges faced by established companies and providing actionable steps to overcome them. It emphasizes the importance of understanding your current business model, defining clear goals and metrics, and engaging your organization in the innovation process. With practical advice on describing your value proposition and delivering it effectively, this PDF equips you with the tools to drive strategic innovation. The guide also includes a detailed discussion on the theoretical framework and real-world examples to help you navigate the complexities of business model innovation.