What strategic challenges are faced by both start-ups and incumbent firms, and what opportunities do these challenges create for business model innovation? Focusing on the underpinning theory and concepts of business models, this book identifies new business models capable of creating sustainable competitive advantage, and guides readers through their implementation. A detailed introduction outlines current research in business model innovation (including directions for future research) and global business cases are applied throughout to illustrate key issues. Topics covered include market creation, leadership, digital technology adoption, small- and medium-sized enterprises, start-ups, sustainability, socio-economic development and conduct risk. Also discussed are the principles of the architecting economic systems, the role of government in influencing business models design, and how organisational structures must adapt in the context of business model innovation.
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Business Model Innovation: A Blueprint for Strategic Change
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Business Model Innovation: A Blueprint for Strategic Change
‘Fascinating and highly relevant. Chander’s book is valuable inspiration, particularly for anyone concerned with how we can boost growth and productivity, on which so much of society depends. Conventional economics assume that markets (and, by definition, those people who operate within them) are rational, moving quickly to optimise returns. In reality, businesses often aren’t rational. They’re full of inertia born out of the tensions between the short and long term and the way rewards are assessed and distributed. Many business leaders have good strategic instinct but transmission to results is often compromised by failure to overcome the inertia that stands in the way of changing a business model. Chander’s work addresses this reality head on with a rich analysis of how business model innovation is key to successful execution of strategy.’ Sir Charlie Mayfield, Chairman of Be the Business, former Chairman of the John Lewis Partnership, and member of the Industrial Strategy Council
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