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THE TRANSFORMATIVE BUSINESS MODEL - Coggle Diagram
THE TRANSFORMATIVE BUSINESS MODEL
How business models work
Is a system whose various features interact, often in complex ways, to determine the company’s success.
The six ways of success
Asset sharing
Enable the sharing of costly assets
Usage-based pricing
Charge customers when they use the product or service
A closed-loop process
Many models replace a linear consumption process with a closed loop, in which used products are recycled
A more collaborative ecosystem
New technology improves collaboration with supply chain partners and helps allocate business risks more appropriately
A more personalized product or service
offer products or services that are better tailored than the dominant models to customers’ individual and immediate needs
An agile and adaptive organization
use technology to move away from traditional hierarchical models
From Innovation to Transformation
Business models with transformative potential tend to have three or more of the six features.
Healx: A Case Study
Healx’s model wouldcreate a collaborative ecosystem by bringing together big pharma and health care providers.