4 Areas of Business Model Innovation (BMI) (PowerPoint PPT Slide Deck)

DESCRIPTION

This product (4 Areas of Business Model Innovation [BMI]) is a 23-slide PPT PowerPoint presentation slide deck (PPT), which you can download immediately upon purchase.

Businesses are developed based on established, tacit beliefs around Value Creation. Organizations are able to disrupt conventional business practices and approaches of Value Creation by reassessing the hindering beliefs that support them. These rigid underlying industry beliefs become widespread opinions and are deemed unchallengeable.

This deck begins by discussing the broad approach to Business Model Innovation and its 5 critical success factors:

1. Identify Existing Business Model
2. Determine Foundational Beliefs
3. Challenge Underlying Belief
4. Sanity Test Our Reframe
5. Formulate New Business Model

The presentation then provides a detailed overview of the 4 key areas or elements of BMI:

1. Customer Relationships
2. Key Activities
3. Strategic Resources
4. Cost Structures

This era of technological advancement has disrupted business models more than anything. Organizations need to constantly evolve them to stay in the game.

The slide deck also includes some slide templates for you to use in your own business presentations.

The PPT delves into the intricacies of Business Model Innovation (BMI) by emphasizing the importance of challenging and reframing outdated industry beliefs. It provides a comprehensive framework for identifying and evaluating existing business models, ensuring that organizations can adapt to the rapidly changing business environment. The deck is structured to guide executives through the process of redefining customer relationships, optimizing key activities, leveraging strategic resources, and innovating cost structures.

The presentation also includes practical examples and case studies to illustrate successful BMI implementations across various industries. These real-world applications demonstrate how companies have effectively transformed their business models to achieve competitive advantage. Additionally, the slide templates included in the deck are designed to facilitate the application of these concepts in your own strategic planning sessions, making it a valuable resource for driving innovation and growth in your organization.

Source: Best Practices in Strategy Development, Business Model Innovation PowerPoint Slides: 4 Areas of Business Model Innovation (BMI) PowerPoint (PPT) Presentation Slide Deck, LearnPPT Consulting

PPT SLIDE DEEP DIVES

Framework for Business Model Innovation Steps

This PPT slide presents a framework for Business Model Innovation (BMI), emphasizing the necessity of addressing outdated beliefs within existing business models to foster value creation. It begins by asserting that leaders must first identify and distinguish the prevailing business model in their industry. This foundational step is crucial for understanding the current landscape and the beliefs that underpin it.

Next, organizations are encouraged to determine the foundational beliefs that guide their operations. This involves introspection and analysis of the assumptions that have historically driven business decisions. The third step, challenging these underlying beliefs, is vital. It requires a critical examination of whether these beliefs still hold true in a rapidly evolving market environment.

The slide also highlights the importance of sanity testing the reframed beliefs. This step ensures that any new perspectives or strategies developed are viable and aligned with market realities. Finally, the process culminates in formulating a new business model that reflects these insights and innovations.

Overall, the slide underscores a methodical approach to BMI, suggesting that organizations can unlock new value by systematically questioning and reshaping their core beliefs. This structured methodology not only aids in identifying opportunities for innovation, but also positions companies to adapt more effectively to changing market dynamics. The insights provided can be instrumental for executives looking to drive transformation within their organizations.

Transforming Customer Loyalty into Empowerment Strategies

This PPT slide focuses on the evolving nature of customer relationships within the context of Business Model Innovation (BMI). It contrasts traditional beliefs about customer loyalty with a more innovative approach that emphasizes customer empowerment.

The left section outlines the conventional belief that loyal customers are essential for reducing acquisition costs and maintaining competitive positioning. It notes that while loyal customers can enhance a company's reputation, achieving this loyalty is increasingly challenging. Factors such as digital advancements have made customers more informed and less passive. They now have a plethora of options and expect to actively participate in shaping their experiences. Loyalty programs, once seen as beneficial, are now viewed by some customers as limiting their ability to express their preferences.

The right section introduces an innovative model that shifts the focus from mere loyalty to empowering customers. It suggests that companies should provide customers with the freedom to influence product design and decision-making processes. This approach not only fosters a deeper connection with customers, but also aligns with their desire for self-actualization. The example provided illustrates this shift in the insurance industry, where a company has transformed its offerings by enabling customers to make informed investment decisions using web-based tools. This empowerment strategy is linked to promising growth, indicating that businesses can thrive by adapting to these changing customer expectations.

Overall, the slide emphasizes the necessity for businesses to rethink their customer engagement strategies. By moving from traditional loyalty models to empowerment frameworks, organizations can better meet the demands of today's informed consumers. This shift is crucial for sustaining growth and relevance in a competitive environment.

Critical Steps in Business Model Innovation Framework

This PPT slide outlines a structured approach to Business Model Innovation (BMI) by emphasizing 3 critical steps. The first step, "Identify Existing Business Model," focuses on recognizing the prevailing business model within the industry. This involves understanding the entrenched beliefs regarding value creation, particularly in sectors like financial services where scale is often deemed essential for profitability.

Next, the slide discusses "Determine Foundational Beliefs." This step requires a deep dive into the assumptions that underpin the existing model, such as customer expectations, technological advancements, cost structures, and operational methodologies. For instance, financial service providers may operate under the belief that customers prefer cost-effective, scalable automated interfaces, which is tied to the perceived benefits of IT scalability.

The final step, "Challenge Underlying Beliefs," encourages organizations to rethink and question established norms. An example provided is Philips Lighting, which questioned the traditional belief that the lighting industry could not evolve beyond its current model. This step is about fostering radical new ideas that challenge the status quo, such as reimagining the minimum scale requirements for financial service operators by leveraging cloud technology.

Overall, the slide emphasizes the necessity of critically evaluating existing beliefs and models to drive innovation. It suggests that reframing these beliefs can lead to transformative ideas that may redefine industry standards. This approach is essential for organizations looking to adapt and thrive in a rapidly changing business environment.

Transitioning from Ownership to Access in Resource Management

This PPT slide presents a critical examination of resource management within the context of Business Model Innovation (BMI). It contrasts conventional beliefs about asset ownership with an innovative model that emphasizes access over ownership. The conventional belief asserts that owning valuable assets is essential for gaining strategic advantage, which often leads to significant costs associated with maintaining these assets. This perspective can limit flexibility and responsiveness to market changes.

In contrast, the innovative model suggests that ownership may not always be the most effective approach. It highlights scenarios where resources are underutilized, advocating for a shift towards collaborative consumption and access models. By leveraging digital technology and flexible partnerships, organizations can optimize resource utilization, reduce transaction costs, and enhance value creation. This model encourages businesses to rethink their resource strategies, focusing on how to provide access to assets rather than owning them outright.

The slide includes practical examples to illustrate this shift. Peerby, an app that facilitates sharing household items, exemplifies how consumers prefer access to resources rather than ownership. Similarly, Adobe has transitioned to a subscription model, allowing customers to access software without the need for outright ownership. The maritime industry also reflects this trend, where port authorities have adapted their business models to provide access to storage facilities on demand, increasing the utilization of previously underused assets.

This evolving mindset towards access models not only disrupts traditional ownership paradigms, but also opens avenues for innovation and collaboration across industries. Organizations considering this approach may find opportunities to enhance efficiency and customer satisfaction while reducing costs associated with asset management.