Business model innovations have the power to transform businesses, reshape the culture and the organisation. Everyone wins…
Have you ever really wondered what your leaders are thinking about as the days tick by into further economic uncertainty? What’s going on in the Board room or in the executive offices of your organisation? Are they crafting a clear vision with meaning and purpose to engage employees and create more value and benefit for customers and suppliers? Are they cost cutting, cost shifting, off shoring, restructuring? All pragmatic approaches.
How many leaders don’t get it?
We are hearing about leaders not embracing the Brave New World. They are risk adverse, fearful and gagging the employee culture with fear. Work harder, do more with less, give me the next big money saving/making idea with minimal risk and fast. Not sustainable…Many clever innovators design change to be adaptive, emergent to deal with complex ecosystem. Just look at Apple.
Try this out.
It’s slightly uncomfortable for some no doubt. Impermanence is reality, being mindful helps, working to control ones work environment too much will disappoint you and your customers. Be present and awaken your innovative mind.
First try this process on yourself then try it out on the leaders around you.
Here it is…
Imagine it’s a very sad day, and you are looking down on yourself at your own funeral. As you watch from above you hear your own obituary read out. What will be the greatest thing that is said about your working life, what real difference did you contribute, what were the endearing qualities of your relationships and what was the legacy you left behind in the workplace and others?
Now come back to 2013 and you are reading this blog. Remember it will be the risk adverse leaders of today who will fall on their swords tomorrow. They will leave no or limited positive legacy. It will be the wisdom warriors and the innovative and resilient generation willing to be adventure designers that will lead across organisations.
There is no important time like the present to design improvement, disrupt the status quo.
If it isn't working, stop it or change it. Just get on with it.
Business model innovation is about being different – really different.
- What’s your business difference?
- Have you got a positive productive and passionate team?
- If not, why not?
- Who is in charge, who is taking accountability and if not, why not?
We believe organisations have at least 8 choices when considering the Next Big Thing (NBT). Of course there are many more approaches for the Brave New World. We also believe its the sum of the parts that matter most. Big ideas can be expensive and time consuming; many organisations simply do not have the capital to develop. Simple, scalable, replicable, transferable ideas are often easier to get off the ground.
Evaluate, Gravitate, Migrate, Levitate, Innovate, Percolate, Procrastinate or Detonate
Hang on we’ll make it easier
Simply ask …. What do we stop doing, start doing and continue doing?
Think high value, low value, think impact and effort, cost and time, needs versus wants, delays versus must do….
Your criteria must be defined to engage creative thinking. If you are into improvement, which I suspect that you are, check out Osterwalder and Pigneur in their book Business Model Generation. They also developed a tool which
incorporates the nine elements of a business model. For more information go to the Business Model Generation website.
The nine key elements of a business model are:
- Customer Segments
- Value Proposition
- Customer Relationships
- Revenue Streams
- Key Resources
- Key Activities
- Key Partnerships
- Cost Structure
Final give-away tips for those who read to the end.
Free Ideas to catalyse Innovation, sow and reap your rewards.
Ask your teams what and how can we:
1. Create more customer value through our service and product offerings, engage customers in the solution, multiply
value add offerings
2. Raise the bar of our people, processes services and products, exceed expectations of quality
3. Reduce low value adding processes, services and products
4. Eliminate non value adding people, processes, services and products
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