Strategic growth planning is the key to your company's next level of success. It isn't about creating a revolutionary product/service, but examining your current business model for opportunities for revenue and market expansion through adding value to your existing and prospective customers.
How it works... Business model innovation (BMI) occurs when a business owners examines their target audience, value proposition, delivering the value, and the revenue model to capture customers seeking that value, and making changes to two of the four sections. As the study describes, BMI does not have to be an industry changing breakthroughs, it can start as simple as adopting proven strategies from corporations that have achieved the level of success the company desires. Our free business model innovation worksheet will not only help you plan a walk through setting up your next planning session for growth and long-term sustainability. |
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