Question 1

What are the typical phases of a business model innovation journey?

Accepted Answer

Business model innovation typically progresses through 3 distinct phases: Creating Innovation (developing new customer value propositions and aligning resources), Sustaining Innovation (scaling operations and building customer loyalty), and Optimizing Innovation (improving efficiencies and cost structures). These are presented as the 3 phases in the Business Model Journey.

Question 2

What core elements of a business model should I map before redesigning it?

Accepted Answer

Key elements to map are the Customer Value Proposition, Profit Formula, Key Resources, and Key Processes. Documenting how these elements interconnect helps identify gaps and redesign priorities, as reflected in the deck’s core model elements: Customer Value Proposition, Profit Formula, Key Resources, and Key Processes.

Question 3

How should I measure whether a business model change is working?

Accepted Answer

Measure changes using KPIs aligned to strategic objectives, such as revenue growth, customer satisfaction, and operational efficiency. Select metrics that reflect both value creation and cost implications so you can track impact over time; the deck includes a KPI tracking sheet to capture these measures.

Question 4

Which templates are most useful for running a business model innovation workshop?

Accepted Answer

Useful templates include a Business Model Blueprint for mapping models, a Customer Value Proposition framework, a Profit Formula model, a Key Processes checklist, an Innovation Journey template, and a KPI tracking sheet. Flevy’s Business Model Innovation (BMI): Business Model Journey supplies these 6 templates for workshop use.

Question 5

When should a company prioritize optimizing innovation rather than creating new offerings?

Accepted Answer

Prioritize optimizing innovation when the business model is mature and the focus shifts to efficiencies, cost savings, and shareholder value. Prioritizing creation is appropriate when the firm needs a new or stronger Customer Value Proposition; the framework distinguishes Creating, Sustaining, and Optimizing phases.

Question 6

How can I adapt a profit formula to different organizational financial goals?

Accepted Answer

Adapt the Profit Formula by adjusting revenue assumptions, pricing structures, and cost allocations to align with organizational financial targets and available resources. The deck explicitly advises tailoring the Profit Formula to organizational financial goals and resource capabilities and includes a Profit Formula model template.

Question 7

What common obstacles block successful business model innovation?

Accepted Answer

Typical obstacles include resistance to change among stakeholders, misalignment of resources to the new model, and difficulty measuring innovation impact. Addressing stakeholder engagement, resource allocation, and KPI design helps mitigate these barriers; these challenges are noted in the deck’s FAQ and guidance sections.

Question 8

How can I structure a workshop to explore business model changes using available materials?

Accepted Answer

The presentation provides a suggested agenda: a 60-minute Business Model Innovation overview, a 90-minute Creating Innovation workshop, and a 90-minute Sustaining & Optimizing session. Use these modules and the included templates (Blueprint, CVP, Profit Formula) to plan workshop timing and activities.

Business Model Innovation (BMI): Business Model Journey – PowerPoint PPTX Template

MATURITY MODEL PPT TEMPLATE DESCRIPTION