This PPT slide, part of the 30-slide Business Model Innovation PowerPoint presentation, outlines a three-step approach to business model innovation, emphasizing the importance of aligning business strategies with customer needs. The first step, "Focus on the Opportunity," stresses that success begins not with existing business models, but by identifying the needs of a real customer. This mindset shifts the focus from internal processes to external demands, which is crucial for any organization aiming to innovate effectively.

The second step, "Construct a Blueprint," involves creating a detailed plan that illustrates how the company will meet the identified need profitably. This blueprint comprises four key elements: the Customer Value Proposition, which defines what the customer gains; the Profit Formula, outlining how the business will generate revenue; Key Resources, which are necessary assets for delivering value; and Key Processes, the operational activities required to execute the model. Each of these elements must be carefully considered to ensure a cohesive strategy.

The final step, "Compare New Model with Existing," encourages organizations to evaluate the new business model against their current one. This comparison helps determine whether existing resources can be leveraged or if a new business unit is necessary. The slide concludes with a reminder that successful companies already meet customer needs, regardless of whether their business model is well-defined. This insight is vital for executives considering how to adapt or innovate their business strategies. Understanding these steps can guide decision-making and strategic planning for those looking to enhance their market position.

EXPLORE MORE SLIDES FROM THIS PRESENTATION

EXPLORE MORE PRESENTATIONS ON

Innovation Management Business Model Innovation Business Model Design