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DOCUMENT DESCRIPTION

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.

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Source: 4 Areas of Business Model Innovation (BMI) PowerPoint document

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This business document is categorized under:
Business Framework Primers

File Type: PowerPoint (ppt)

Tag(s): Strategy Development, Business Model Innovation

Number of Slides: 23

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Upload date (first version): Nov 12, 2018

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4 Areas of Business Model Innovation (BMI)

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