What is a "BUSINESS MODEL"?
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A concise introduction to Business Model thinking for managers. View HD video at http://www.youtube.com/watch?v=XnLaQzi8xJc http://betterbusinesslearning.com
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What is a "BUSINESS MODEL"?
- 1. what is a “ business model” ? www.betterbusinesslearning.com
- 2. is it… www.betterbusinesslearning.com
- 3. meaningless management speak? mba jargon? www.betterbusinesslearning.com
- 5. people have been talking about “business models” more and more over the last decade… www.betterbusinesslearning.com
- 6. because it is a way to conceptualise and understand organisations… www.betterbusinesslearning.com
- 7. …as systems… www.betterbusinesslearning.com
- 8. …that have common components. www.betterbusinesslearning.com
- 9. to understand an organisation’s business model , think about: www.betterbusinesslearning.com
- 10. 1. what value It creates www.betterbusinesslearning.com
- 11. 2. who it serves www.betterbusinesslearning.com
- 12. 3. what sets it apart www.betterbusinesslearning.com
- 13. 4. what resources it depends upon www.betterbusinesslearning.com
- 14. 5. its Crucial relationships www.betterbusinesslearning.com
- 15. 6. the channels through which it delivers value www.betterbusinesslearning.com
- 16. 7. how it generates money www.betterbusinesslearning.com
- 18. 8. what it spends money on www.betterbusinesslearning.com
- 19. business model innovation is not just about changing what you sell… www.betterbusinesslearning.com
- 20. it is about continually re-evaluating… www.betterbusinesslearning.com
- 21. what value you create with whom you collaborate who you are how you capture value how you work how sustainable you are www.betterbusinesslearning.com
- 22. modern business is a continual re-evaluation www.betterbusinesslearning.com
- 23. modern managers must become adept at “ambidextrous thinking” www.betterbusinesslearning.com
- 24. exploiting their current business model whilst also exploring new business models www.betterbusinesslearning.com
- 25. exploit & explore www.betterbusinesslearning.com
- 26. in an era of rapid change, organisations either… www.betterbusinesslearning.com
- 27. adapt or die www.betterbusinesslearning.com
- 28. embrace the change! www.betterbusinesslearning.com
- 29. summary: what is a business model? www.betterbusinesslearning.com
- 30. • how an organisation creates & captures value • who it serves • what sets it apart • its key resources & relationships • its delivery channels • how it generates revenue • its cost structure www.betterbusinesslearning.com
- 31. better business learning by gavin wedell mba www.betterbusinesslearning.com Music credit: "The Annual New England Xylophone Symposium" by DoKashiteru (feat. spinning merkaba) http://ccmixter.org/files/DoKashiteru/19848 is licensed under a Creative Commons license: http://creativecommons.org/licenses/by/3.0/ www.betterbusinesslearning.com
- 33. Ps: There’s a great tool called “the business model canvas” check it out. (Google it!) www.betterbusinesslearning.com
- 34. All non-audio content ©2011 Gavin Wedell