Wacky Advisors | Homepage
Milutina Milankovića 1i, 11070 Novi Beograd
New business model
When it is needed to think about the change of the business model?
New business model
When it is needed to think about the change of the business model? You defined additional value that you deliver to your clients? How to know that you are working properly and that you have profitable business model?
Key resources and processes
In which way would you describe key resources and processes in your company? How would you connect that with profitable formula? You don’t have answers to these questions?
Old model – new market
It is not always necessary to create new business model when changes happen at the market. It might be enough sometimes to find appropriate market for your existing business model?
New business model
Creating business model implies complex process of activities in which is necessary to define the way and methods how to transform basic business idea into valuable proposition. To be able to understand concept of the business model we need to see its basic elements, such as: profit formula, processes and resources that we dispose. It is not possible to create a new business model or redefine existing if we don’t have clear value proposition for client. What does that mean?
The most important characteristic of the value proposition is the precision about how our proposition matches the request of the job that client needs to do. From the percentage of the precision matching directly depends the success of the whole business model. When is it necessary to create new business model? Big companies shouldn’t neglect creation of the new business model? Why? They can often create new products or services that will impact the change of the market and they will not need creation of the completely new business model. Most of those innovations have dominance with their current buyers and that is fine. What happens when it’s needed to change buyers or geographic territory or maybe enter into new segment of doing business?