Business model redefinition

The business model is the core of any business, it defines how the company operates (both internally and with its customers). Unless accompanied by a suitable business model, no new product or service idea will take off. In order to stay ahead of competition, companies must continuously reinvent their business models. During a business model redefining process, the following topics are usually covered:

  • Illustrating the company’s existing business model(s)
  • Identifying ways to develop the current or a new business model
  • Testing the new business model (with key stakeholders)
  • Evaluating areas to develop and creating a plan
  • Implementation of new business model

We have helped our clients in redefining their business models for example in the following situations:

  • Need for creating business models for innovations or new product & service concepts
  • Redefining current business models to maintain or regain profitability
  • Differentiating and managing multiple business models for various product lines

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