Business Model Innovation Success ~ Wow list ~ Firms that have created sustainable value creation

 

These firms have consistently followed these Twin Objectives in order to create and sustain value over a long period of time:

– Keeping current business model fresh and innovative

—- Systematically search for breakthrough new innovation opportunities

 — Going beyond Product/Technology Innovation and creating platform ecosystem

 

The Business Model Innovation framework consists of 5 complementary, value creating

components. Each component is analyzed in order to create value across the model… :

 

– Who do we serve? — Customers, Market Segments, Geographies, Buyers

 

– What do we provide? — Products/Services, Benefits/Solutions to customers

 

– How do we provide it? — Distribution Channels, Value chain, Processes, Activities, Strategic fit of competencies, Partner Collaboration to add value

 

– How do we make money? — Pricing Policies, Costs, Extract Value, Pricing Model

 

– How do we differentiate and sustain an advantage? Competitive advantage/differentiation, Customer Satisfaction,   Core Competencies, Strategic Assets, Customer Value