Reinventing Your Bus Iness Model

www.hbr.org One secret to maintaining a thriving business is recognizing when it inevitably a fundamental change. Reinventing Your Business Model by Mark W. Johnson, Clayton M. Christensen, and Henning Kagermann include with this full-text Harvard Business Review denomination: 1 Article thick The stem in Briefâ€"the core idea The Idea in Practiceâ€"putting the idea to work 2 Reinventing Your Business Model 11 Further Reading A list of related materials, with annotations to guide further exploration of the articles ideas and applications This document is authorized for use only in Building and Sustaining a Successful Enterprise (3on) by Pisano, Shih from celestial latitude 2009 to December 2010. Reprint R0812C Reinventing Your Business Model The Idea in Brief When apple introduced the iPod, it did something far smarter than wrap a good applied science in a snazzy design. It wrapped a good technology in a great business baby-sit. Combining hardware, software, and service, the poser provided gamechanging convenience for consumers and record-breaking profits for Apple. Great business models domiciliate reshape industries and drive spectacular growth. Yet many companies align business-model innovation difficult.

Managers dont understand their existing model well enough to know when it needs changingâ€"or how. To determine whether your firm should alter its business model, Johnson, Christensen, and Kagermann advise these travel: 1. Articulate what makes your existing model successful. For example, what customer problem does it drub? How does it make money for your firm? COPYRIGHT © 2008 HARVARD BUSINESS shallow PUBLISHING CORPORATION. ALL RIGHTS RESERVED. The Idea in Practice UNDERSTAND YOUR stream BUSINESS MODEL A successful model has these components: guest value proposition. The model helps customers perform a specific excogitate that alternative offerings dont address. Example: MinuteClinics enable mass to visit a doctors office without appointments by making nurse... If you want to get a full essay, aver it on our website: Ordercustompaper.com

Ordercustompaper.com is a professional essay writing service at which you can buy essays on any topics and disciplines! All custom essays are written by professional writers!