Are you constantly thinking about how to create value and build new businesses or how to improve or transform your organisation? Are you trying to find innovative ways of doing business to replace old, outdated ones?
It is easy, once a business is established, to accept the way it is structured, and the business model you already have and then look from within that model for avenues for growth. These plans usually include strategies to diversify, to expand, and to cut costs.
Businesses that truly transformed themselves and catapulted themselves into an entirely new level of growth and profitability, instead of ‘tweaking’, have radically changed their business model or created new ones to supplement their existing operations.Recent examples include Apple Corporation’s development of the iPhone and related content, and the diversification of Nestlé through the development of their Nespresso brand.These were not evolutionary revisions; they were revolutionary changes that changed those businesses forever.