Business  model design and innovation is crucial to the sustainability 
    of  any  organization…it  will  improve  business  performance in any 
    economic climate. Cost reduction and strategic flexibility are top
    benefits  from  business model innovation. Whether you're part of a 
    startup  company  or  an  established Fortune 100, the blueprint of 
    how your organization generates profits should be your top priority.

    At  Brainstorm  Weekly,  we  believe  that  a  good business model 
    must be flexible enough to stay congruent with the ever-changing 
    economic  climate. So when it came to designing our own business 
    model,  we decided to track down the world’s leading authority on 
    the subject of business model innovation, Dr. Alex Osterwalder. 

    By  beta-testing  his business model canvas on Brainstorm Weekly, 
    we  found  it  to  be  cutting  edge  in its simplicity and depth, and 
    can  be applied to both new and existing businesses, regardless of 
    size or industry.

    Below are the 5 steps to design and innovate your business model:

• VISUALIZE – Describe your existing business model

• ASSESS – Define current strengths and weaknesses

• CREATE – Brainstorm improvements and opportunities

• PLAN – Transform new model into a project roadmap

• IMPLEMENT – Communicate and take action

Intrigued? Want to find out how Brainstorm Weekly can get all
your stakeholders to buy-in and clearly understand your 
business model? Contact:

Joseph Warren
727-277-9522
joseph(at)brainstormweekly.com

"Business Model Design & Innovation will improve business
performance in ANY economic climate." - Joseph Warren

    Look who's talking about Business Model Innovation:

    "Business model innovations have reshaped entire industries and redistributed 
    billions of dollars of value. And a recent study determined that no more than 
    10% of innovation investment at global companies is focused on developing 
    new business models. Yet everyone's talking about it. A 2005 survey by the 
    Economics Intelligence Unit reported that over 50% of executives believe 
    that business model innovation will become even more important  
    than product or service innovation." - Harvard Business Review, 12/2008 

    "With technological advances and globalization presenting so many opport-
    unities – and threats – CEOs are now giving business model innovation as
    prominent a place on their agendas as products/services/markets innovation
    and operational innovation…the three areas are essential, equally important
    and inseparable from each other…Cost reduction and strategic flexibility
    are top benefits from business model innovation. Innovating with respect to
    business models and operations will not only create opportunities for cost
    savings, but will also lead to additional revenue generating opportunities."
    - IBM’s Global CEO Study 2006 (Download .PDF)

Next Click: Strategic Alignment

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