Strategic Reinvention in Response to External Threats PPT

This PPT slide, part of the 23-slide Four Approaches to Business Model Innovation (BMI) PowerPoint presentation, titled "Reinventors – Overview" outlines a strategic approach for businesses facing external threats, such as industry decline or regulatory changes. It emphasizes the necessity for companies to defend against these disruptions while simultaneously transforming their core operations. The thrust of this approach is twofold: to safeguard against decline and to initiate a fundamental transformation.

The description highlights that external threats, including new regulations and commoditization, often signal the need for a business model overhaul. As companies confront uncertain growth prospects, they must consider reinventing their service offerings to align with a new value proposition. This transformation is not merely reactive; it requires a proactive stance to ensure profitability amidst changing market conditions.

Key steps for implementing the Reinventor approach are presented. First, organizations must delineate value for customers. This involves leveraging expertise to identify and unlock new advantages, such as enhancing customer loyalty through innovative service offerings. Reinventors are adept at transitioning from basic commodities to value-added services, which can significantly enhance customer engagement.

Second, total commitment to change is crucial. While the changes may not need to be revolutionary, they must be embraced across the organization. This commitment involves readiness from all levels to reinvent roles and processes, ensuring that the new service offerings resonate with customers effectively.

Overall, the slide serves as a guide for executives contemplating a strategic pivot in response to external pressures, emphasizing the importance of both customer value and organizational commitment in achieving successful transformation.

This slide is part of the Four Approaches to Business Model Innovation (BMI) PowerPoint presentation.

Download the Full Presentation

EXPLORE MORE SLIDES FROM THIS PRESENTATION

EXPLORE MORE PRESENTATIONS ON

Business Model Innovation Business Model Design Value Proposition Customer Loyalty Disruption Innovation

Are you familiar with Flevy? We are you shortcut to immediate value.

Flevy provides business best practices—the same as those produced by top-tier consulting firms and used by Fortune 100 companies. Our best practice business frameworks, financial models, and templates are of the same caliber as those produced by top-tier management consulting firms, like McKinsey, BCG, Bain, Deloitte, and Accenture. Most were developed by seasoned executives and consultants with 20+ years of experience.

Trusted by over 10,000+ Client Organizations

Since 2012, we have provided best practices to over 10,000 businesses and organizations of all sizes, from startups and small businesses to the Fortune 100, in over 130 countries.

Flevy is the world's largest knowledge base of best practices.

Leverage the Experience of Experts.

Find documents of the same caliber as those used by top-tier consulting firms, like McKinsey, BCG, Bain, Deloitte, Accenture.

Download Immediately and Use.

Our PowerPoint presentations, Excel workbooks, and Word documents are completely customizable, including rebrandable.

Save Time, Effort, and Money.

Save yourself and your employees countless hours. Use that time to work on more value-added and fulfilling activities.

Read Customer Testimonials

"As a small business owner, the resource material available from FlevyPro has proven to be invaluable. The ability to search for material on demand based our project events and client requirements was great for me and proved very beneficial to my clients. Importantly, being able to easily edit and tailor

... [read more]

– Michael Duff, Managing Director at Change Strategy (UK)

"The wide selection of frameworks is very useful to me as an independent consultant. In fact, it rivals what I had at my disposal at Big 4 Consulting firms in terms of efficacy and organization."

– Julia T., Consulting Firm Owner (Former Manager at Deloitte and Capgemini)

"One of the great discoveries that I have made for my business is the Flevy library of training materials.

As a Lean Transformation Expert, I am always making presentations to clients on a variety of topics: Training, Transformation, Total Productive Maintenance, Culture, Coaching, Tools, Leadership Behavior, etc. Flevy

... [read more]

– Ed Kemmerling, Senior Lean Transformation Expert at PMG

"Last Sunday morning, I was diligently working on an important presentation for a client and found myself in need of additional content and suitable templates for various types of graphics. Flevy.com proved to be a treasure trove for both content and design at a reasonable price, considering the time I

... [read more]

– M. E., Chief Commercial Officer, International Logistics Service Provider

"I have used Flevy services for a number of years and have never, ever been disappointed. As a matter of fact, David and his team continue, time after time, to impress me with their willingness to assist and in the real sense of the word. I have concluded in fact

... [read more]

– Roberto Pelliccia, Senior Executive in International Hospitality

"Flevy is our 'go to' resource for management material, at an affordable cost. The Flevy library is comprehensive and the content deep, and typically provides a great foundation for us to further develop and tailor our own service offer."

– Chris McCann, Founder at Resilient.World

"As a niche strategic consulting firm, Flevy and FlevyPro frameworks and documents are an on-going reference to help us structure our findings and recommendations to our clients as well as improve their clarity, strength, and visual power. For us, it is an invaluable resource to increase our impact and value."

– David Coloma, Consulting Area Manager at Cynertia Consulting

"I am extremely grateful for the proactiveness and eagerness to help and I would gladly recommend the Flevy team if you are looking for data and toolkits to help you work through business solutions."

– Trevor Booth, Partner, Fast Forward Consulting