Framework for Business Model Innovation Steps PPT

This PPT slide, part of the 23-slide 4 Areas of Business Model Innovation (BMI) PowerPoint presentation, presents a framework for Business Model Innovation (BMI), emphasizing the necessity of addressing outdated beliefs within existing business models to foster value creation.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.

This slide is part of the 4 Areas of Business Model Innovation (BMI) PowerPoint presentation.

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