The Best “Business Model” Quotes of “Digital Master” Aug. 2019
The mindset, vision, competency, capability, culture, and marketing opportunity are all great starting points for business model innovation.
"Digital Master” is a series of guidebooks (28 + books) to perceive the multi-faceted impact digital is making to the businesses and society, help forward-thinking organizations navigate through the journey in a systematic way, and avoid “rogue digital.” It perceives the emergent trends of digital leadership, provides advice on how to run a digital organization to unleash its full potential and improve agility, maturity, and provide insight about Change Management. It also instructs the digital workforce on how to shape a game-changing digital mindset and build the right set of digital capabilities to compete for the future. Here is a set of “Business Model” quotes in “Digital Master."1 The business Model describes the rationale of how an organization creates, delivers, and captures the multidimensional value.
2 A business model is an entire frame of elements that describe the intents and constraints of a business or organization.
3 Tuning business model is all about foreseeing and applying the emerging trends, that’s where you win the competitive advantage.
4 The mindset, vision, competency, capability, culture, and marketing opportunity are all great starting points for business model innovation.
5 A business model should not only be used for describing, analyzing, and predicting the evolution of a business system, but also provide a framework for managing its performance throughout the business growth life cycle.
6 Business models should be simple, intuitive, but it doesn’t mean it should be too abstract to come up with a step-wised approach.
7 Business models can be holistically evolved through feedback and probes, subjectively and objective evolved, refined, changed, measured, and then repeated.
8 The business model is not static, but a living thing, to enable organizations renewing themselves for generating new revenue stream and business value.
9 A strong business model is difficult to copy and it is differentiated in the marketplace. But there are also numerous barriers or pitfalls to make it work and sustain its value.
