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The Hard Truth About Business Model Innovation - Coggle Diagram
The Hard Truth About Business Model Innovation
Elements
Priorities
Value proposition
Product conveniently helps the client
Profit formula
Assets and fixed costs structures
Capabilities
Resources
People, tech, products,etc
Process
Working together: Training, development, budgeting
Four Actions Framework
Eliminating factors
Over design?
Uncover and eliminate compromises
New sources of value
Opportunity vs existing Business Model
Creation Stage
Understanding the primary business (jobs to be done) and Pivoting
Blue Ocean
Does a business deserves to be a winner?
Focus
Divergence
Compelling tagline
Does Not Exist Today
Profit Impact
Innovation Stage
Improve existing jobs, grow market, revenue
Efficency Stage
Three Stages
Creation
Begins to grow
Sustaining Innovation
Performance oversupply
Efficiency
Investors demand return of capital
Red Ocean
Bloody competition
Value curve converges with competitors
Cost or quality
