Key Circumstances Driving Business Model Change PPT

This PPT slide, part of the 29-slide Business Model Innovation (BMI): Business Model Journey PowerPoint presentation, outlines 5 key circumstances that often necessitate a change in business model, categorized into 2 sections: opportunities and needs. The first circumstance highlights the potential for disruptive innovation, particularly for large groups of customers who are currently underserved due to high costs or complexity of existing solutions. This suggests a market gap that can be exploited through innovative approaches.

The second circumstance emphasizes the importance of new technologies. Companies can either create a new business model around a novel technology or leverage existing technologies in new markets. This indicates a strategic pivot that can lead to significant growth if executed correctly.

The third point discusses the concept of a "job-to-be-done" focus. It points out that businesses often concentrate on refining existing products rather than identifying unmet customer needs. This can lead to missed opportunities in industries where customer demands are evolving.

The fourth circumstance addresses the necessity of defending against low-end disruptors. Companies must be vigilant about emerging competitors who can offer lower-cost solutions, which can erode market share.

Lastly, the fifth point reflects on the shifting nature of competition. It underscores the inevitability of market segments becoming commoditized over time, necessitating a proactive response to maintain relevance and profitability.

Overall, the slide serves as a strategic guide for executives contemplating business model innovation. It emphasizes the importance of recognizing both opportunities and threats in the market landscape, urging leaders to adapt and evolve their strategies accordingly.

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