Business model innovation is organizing all of the key elements of a business to create more value for the customers and the company. Basically, it’s a process to create a new type of business model that will offer more efficiency and usability in the long run. Business model innovation is a necessary means nowadays for companies to adopt as the market is becoming more and more competitive. Also, traditional business models have become quite obsolete and can’t offer a proper service to customers. There are generally 5 type of models that you can use – regular, position building, dynamic and application, capabilities building, and revolutionary techniques. You also need to follow specific steps for business model innovation such as decisions on product or service offerings, time of making decisions, authorities for decision making, and reasons for decisions. If you want to introduce business model innovation concept within your company then 101 Blockchains can help you out with that. We offer a full course specifically to help you understand the ins and outs of business model development. Check out the course from here -> Business Model Innovation Course https://academy.101blockchains.com/courses/business-model-innovation Check out our certification courses from here -> Certified Enterprise Blockchain Professional (CEBP) course https://academy.101blockchains.com/courses/blockchain-expert-certification Certified Enterprise Blockchain Architect (CEBA) course https://academy.101blockchains.com/courses/certified-enterprise-blockchain-architect Certified Blockchain Security Expert (CBSE) course https://academy.101blockchains.com/courses/certified-blockchain-security-expert Check out our full guides on this topic from here -> https://101blockchains.com/business-model-innovation/ https://101blockchains.com/business-model-innovation-steps/ https://101blockchains.com/business-model-innovation-examples/ https://101blockchains.com/business-model-innovation-opportunities-and-barriers/

1. KNOW EVERYTHING ABOUT
BUSINESS MODEL INNOVATION
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2. What is Business
Model Innovation?
Business model innovation is
organizing all of the key
elements of a business to
create more value for the
customers and the company.
Basically, it’s a process to
create a new type of business
model that will offer more
efficiency and usability in the
long run.

3. Characteristics of
Business Model
Innovation
Revenue model, targeted segments,
service or product offerings are
some of the key components of a
business model innovation.
It also targets the operating model
of a business. Other important traits
include value creation, driving
profitability, and competitive
advantages.

4. Importance of
Business Model
Innovation
Business model innovation helps a
company to focus on a broader
spectrum. Innovation within a
company can be of any kind, such as
marketing innovation, product
innovation, or process innovation.
But with business model innovation,
the company will combine all sorts
of elements within a common
ground, which will positively affect
every single business process,
leading to more opportunities.

5. Types of Business
Model Innovation
Regular
Position Building
Dynamic and Application
Capabilities Building
Revolutionary

6. Regular The regular approach includes
using their existing
capabilities rather than
introducing a completely new
feature.
This process will ensure that
the company will stay relevant
to its old model and existing
market.

7. Position Building The position-building business
model includes focusing on
improving the services and products,
making the old business model
obsolete.
Typically, this approach overpowers
the already existing products.

8. Dynamic and
Application
Dynamic and Application business
innovation models mainly can start
off as a regular model and then shift
to a different business model based
on the outcome of the changes.
In a traditional company, business
models are static, and here it will be
ever changing.

9. Capabilities
Building
Capabilities building innovation
focuses on changing the capabilities
of a business completely from the
old one.
Here, the old model will still remain
competitive, but the new model will
introduce new elements to the
business from scratch.

10. Revolutionary
The revolutionary business model
focuses on reversing all the previous
model value chain activities to
capture and create value for the new
one.
Here, the new model is completely
different from the old model.

11. Steps in Business Model Innovation
Decisions on Product or Service Offerings
Time of Making Decisions
Authorities for Decision Making
Reasons for Decisions

12. Decisions on Product
or Service Offerings Narrow Focus
Hedged Portfolio
Product Commonalities

13. Time of Making
Decisions Postponing the Decision
Dividing the Significant Decisions
Modifying the Order of Decisions

14. Authorities for
Decision Making Better-informed Decision Makers
Decision Makers Capable of
Managing Consequences
Decision Makers with the Best
Possibility for Gains

15. Reasons for
Decisions Integration of Incentives
Synchronization of Offshore
Manufacturing
Modification of Revenue Stream

16. Opportunities for Business
Model Innovation
New Technologies and Solutions
Radical and Disruptive Innovation
Competition

17. New Technologies and Solutions: Business model innovation creates the scope of
introducing new solutions and technologies to the market.
Competition: Business model innovation can give companies competitive
advantages as they will introduce new use cases or solutions to their customers.
Radical and Disruptive Innovation: Companies can use new disruptive business
models to take over the market, which will create new means of revenue streams.
Opportunities for Business
Model Innovation

18. Challenges for Business Model
Innovation
Organizational Form
Roadmap Planning
Identity Rebellion
Consistency of Value Proposition

19. Organizational Form: Choosing the suitable organization form can become difficult as
restrictive or flexible models both have trade-offs associated with them.
Identity Rebellion: Taking a rebellious stance against competitors can go both ways –
positively and negatively. It’s hard to predict the outcome.
Roadmap Planning: Creating the perfect roadmap for innovation needs to take
account of all possible roadblocks and issues. This is a trial-and-error process.
Consistency of Value Proposition: Maintaining consistency in increasing the value for
the customers is an extremely difficult and resource-hungry process.
Challenges for Business Model
Innovation

20. Learn More About Business Model
Innovation
Business Model
Innovation Course
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