Introduction
Introduction
This episode focuses on four broad categories of business model that are enabled by digital technology and shows how transformational innovation needs to continue. After watching this video, you will be able to apply these categories to structure your innovation plan even through an uncertain future.
Business Planning
Strategy
Innovation
Content Rating: U
Episodes
1. Introduction
01:45 min
This episode focuses on four broad categories of business model that are enabled by digital technology and shows how transformational innovation needs to continue. After watching this video, you will be able to apply these categories to structure your innovation plan even through an uncertain future.
2. Venturing Into White Space
03:19 min
According to Mark Johnson, transformational growth can be unlocked using a reliable three-step process that is explained in this video. After watching this video, you will be able to embark on pursuing game-changing opportunities by detecting important, unfulfilled jobs and viewing your market in a new way.
3. The Four-Box Business Model Framework
02:55 min
This video offers insights into unlocking the creativity within your organization. After watching this video, you will be able to gain a proper understanding of your customers' needs and ask the right questions to arrive at a product or service that fulfils that need. You will also comprehend how to define a viable revenue model.
4. Box One: The Customer Value Proposition (CVP)
03:02 min
Any working business needs to be the culmination of a process of controlled experimentation. After watching this video, you will be equipped to incubate your business by identifying the most critical assumptions for your business proposition. You will also learn how testing your hypothesis quickly helps eliminate risks.
5. Box Two: The Profit Formula
03:28 min
Once you have tested the hypothesis of your business model in a small sample market, it is time to move to broad market adoption. This video will help you understand how patient growth and a controlled approach help formulate winning strategies for scaling your model. It will also help you decide whether to separate or integrate your new business model with your existing business unit.
6. Boxes 3 And 4: Key Resources And Key Processes
02:46 min
Fundamentally new ideas that require different key resources and processes can open new customer markets, the challenge lies in creating a new product that is vastly different from the existing one. After watching this video, you will be able to understand what it takes to stop clinging to existing ideas, products, and processes and take risks to truly reinvent your business model.
7. When Are New Business Models Needed?
02:48 min
In order to effectively survive and thrive in 21st century global commerce, every business needs to take a close look at their existing business models and find opportunities to adapt and reinvent. After watching this series, you will be able to apply a repeatable set of steps that make up a framework for defining, creating, and adapting business models to truly transform and grow your business.
8. The White Space Within
03:46 min
Being alert to market changes is vital for any business. After watching this video, you will be able to identify some predictable shifts in customer expectations and gear up to beat your competition on the basis of reliability, convenience, and cost.
9. The White Space Beyond
03:44 min
This video discusses nonconsumers, who according to Mark Johnson are potential customers held back from the market due to skills, access, time, or wealth. After watching this video, you will be able to apply the problem-solving continuum approach to removing market specific barriers and bring in these customers.
10. The White Space Between
03:52 min
Sometimes, more revolutionary forces, whose roots lie outside your market tend to open up uncharted territories. After watching this video, you will be able to recognize the shifts that often make changes imperative for businesses. You will also be able to leverage these as opportunities to innovate your business model.
11. Digital Transformation
03:42 min
This episode focuses on four broad categories of business model that are enabled by digital technology and shows how transformational innovation needs to continue. After watching this video, you will be able to apply these categories to structure your innovation plan even through an uncertain future.
12. The Business Model Innovation Process
02:26 min
According to Mark Johnson, transformational growth can be unlocked using a reliable three-step process that is explained in this video. After watching this video, you will be able to embark on pursuing game-changing opportunities by detecting important, unfulfilled jobs and viewing your market in a new way.
13. Designing A New Business Model
03:22 min
This video offers insights into unlocking the creativity within your organization. After watching this video, you will be able to gain a proper understanding of your customers' needs and ask the right questions to arrive at a product or service that fulfils that need. You will also comprehend how to define a viable revenue model.
14. Implementing The Business Model: Incubation
03:16 min
Any working business needs to be the culmination of a process of controlled experimentation. After watching this video, you will be equipped to incubate your business by identifying the most critical assumptions for your business proposition. You will also learn how testing your hypothesis quickly helps eliminate risks.
15. Implementing The Business Model: Acceleration And Transition
03:00 min
Once you have tested the hypothesis of your business model in a small sample market, it is time to move to broad market adoption. This video will help you understand how patient growth and controlled approach helps formulate winning strategies for scaling your model. It will also help you decide whether to separate or integrate your new business model with your existing business unit.
16. Overcoming Incumbent Challenges
03:22 min
Fundamentally new ideas that require different key resources and processes can open new customer markets, the challenge lies in creating a new product that is vastly different from the existing one. After watching this video, you will be able to understand what it takes to stop clinging to existing ideas, products, and processes and take risks to truly reinvent your business model.
17. Summary
01:15 min
In order to effectively survive and thrive in 21st century global commerce, every business needs to take a close look at their existing business models and find opportunities to adapt and reinvent. After watching this series, you will be able to apply a repeatable set of steps that make up a framework for defining, creating, and adapting business models to truly transform and grow your business.