Home > Work > Business Model Shifts: Six Ways to Create New Value For Customers
1 " Ensure that value is created for all stakeholders – customers, employees, partners, society, and investors – simultaneously "
― , Business Model Shifts: Six Ways to Create New Value For Customers
2 " After all, business model innovation is about finding new combinations from existing business model elements, enhanced elements, and completely new elements. "
3 " Overnight success does not exist. "
4 " Successfully shifting business models is tough and requires guts and perseverance. "
5 " Innovating is hard work and the journey to success is a long and rocky road "
6 " After all, shifting business models is about customers "
7 " Whatever you’re producing, at the end of the day, your customers only care about getting a job done "
8 " Companies die because they’ve become fixated on fighting for their current business model rather than shifting to a more relevant one "
9 " Shifts start as small moves inside an existing business model that evolve into entirely new ways of creating value and relevance "
10 " Create new ways to reach your customers "
11 " Customers first, always "
12 " Whether the grand challenge you plan to address is global in nature or affects only your industry, what’s clear is this: if you don’t address it, someone else will "
13 " The journey towards a successful business model shift is often littered with uncertainty and failures "
14 " Innovation requires the right talent and mindset from both leadership and innovators themselves "
15 " Enable your organization to delight customers in the long term "
16 " Understanding that the change we’re experiencing is accelerating is half the battle "
17 " Execute your own shift and create a future with more value for your customers and stakeholders. "
18 " How can you think differently about your production system or supply chain, and shrink its footprint? "
19 " What needs to change in order for your products to stay in use forever? "
20 " Where can you be extraordinary? What commitment can you make to solve a huge problem for the masses? "