The creation of new models of doing business, often in response to market disruptions or changing customer needs.
Value Proposition: A clear statement about what a business can offer to its customers that sets it apart from its competitors.
Market Segmentation: Identifying different groups of customers and their needs to develop products or services that meet those needs and preferences.
Business Model Canvas: A visual tool used to describe, design, and evaluate business models.
Revenue Streams: The different ways in which a business generates income.
Cost Structure: The costs involved in running a business and delivering its products or services.
Customer Relationship Management: Building relationships with customers to enhance customer satisfaction, loyalty, and sales.
Key Resources: The tangible and intangible assets required to create and deliver a business’s value proposition.
Channels: The different ways in which a business reaches its target customers and delivers its products or services.
Key Activities: The primary activities a business engages in to create and deliver its value proposition.
Partnerships: Collaborations with other businesses or individuals to leverage resources and capabilities to create value.
Key Metrics: Measurable indicators that show the effectiveness and efficiency of a business’s operations and strategy.
Business Model Innovation Process: A systematic approach to developing and implementing innovative business models.
Subscription model: A company charges customers a recurring fee for access to its products or services.
Freemium model: A company offers a basic version of its product or service for free while charging for premium features.
Advertising model: A company generates revenue by selling advertising space or impressions on its platform.
Pay-per-use model: A company charges customers based on how much they use its products or services.
Marketplace model: A company provides a platform for buyers and sellers to interact and transact business.
Direct-to-consumer model: A company sells its products or services directly to customers without intermediaries.
Franchise model: A company allows other entrepreneurs to use its business model and intellectual property in exchange for fees and royalties.
Licensing model: A company allows others to use its intellectual property or brand for a fee.
Asset-sharing model: A company allows others to use its assets or resources for a fee.
Platform model: A company creates a platform that connects suppliers and customers, earning a commission on each transaction.