Hi community,
in my previous blog posts, I described how Business Model Canvas can be applied using ARIS Business Strategy. As competition encourages almost every organization to think of innovation and business model innovation in particular, I am just wondering what makes the implementation of Business Model Innovation successful and what one would need to support a successful implementation.
As the implementation of Business Model Innovation is a complex and challenging task which requires beside a good idea a lot of resources (time, money, manpower), it is worth to ask the question: What do we need to implement Business Model Innovation?
So, I do not only think of having good ideas for successful Business Model Innovation, I rather want to know what makes a good idea successful in terms of its implementation.
So please share your thoughts with me! Let me start with some of my own thoughts and ideas:
- Business Model Innovation needs a clear plan that defines which structures and processes of an organization have to be designed, adapted or phased out
- Business Model Innovation has to create value – meaning that the long-term benefits / values are higher than the costs for designing and implementing innovative business models
- Business Model Innovation needs an approach that identifies all stakeholders of the transformation behind Business Model Innovation. Stakeholders must be included into the transformation process
- Business Model Innovation needs intelligent controlling mechanisms that track the success behind the implementation of Business Model Innovation. Objectives dedicated to Business Model Innovation, a set of relevant KPI and special reporting structures are important elements in that context
- …
Feel free to complement the list or discuss my thoughts above! Looking forward to your contribution.
Kind regards
Dominik
