This PPT slide, part of the 30-slide Business Model Innovation PowerPoint presentation, outlines a structured approach to business model innovation, emphasizing 3 critical steps. The first step, "Focus on the Opportunity," stresses the importance of identifying real customer needs rather than fixating on existing business models. This approach encourages organizations to think from the customer's perspective, ensuring that any new model addresses genuine demands.

The second step, "Construct a Blueprint," involves creating a detailed plan that illustrates how the company intends to meet the identified customer needs while ensuring profitability. This blueprint is broken down into 4 essential components: the Customer Value Proposition, Profit Formula, Key Resources, and Key Processes. Each element plays a vital role in shaping a coherent strategy that aligns with market demands.

The final step, "Compare New Model with Existing," requires a thorough analysis of the proposed business model against the current one. This comparison helps determine the extent of changes needed to effectively seize the identified opportunity. It also clarifies whether the existing organization can adapt to the new model or if a separate business unit is necessary.

The slide concludes with a reminder that successful companies inherently fulfill customer needs through effective business models, regardless of whether those models are fully understood. This insight highlights the importance of aligning business strategies with customer expectations to drive innovation and growth.

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Innovation Management Business Model Innovation Business Model Design Value Proposition Customer Value Proposition Innovation