The Ultimate Competitive Advantage of Continuing Business Model Innovation
The Ultimate Competitive Advantage of Continuing Business Model Innovation
The Ultimate Competitive Advantage of Continuing Business Model Innovation
• Improving a company’s business model by redirecting its focus will mean that competitors will be left out of position and unable to respond effectively.
• When business models are continuously and rapidly shifting, these conditions will cause the competitors to stumble and will more likely make the competitors positions more
tenuous and will lead them to further waste their resources.
• The article describes A strategic competitive advantage one’s offerings can be provided in ways that deliver more sales, higher profitability and greater cash flow than for competitors
supplying the same customer.
• Strategic competitive advantages and business model innovations, replacements and improvements.
• A business model comprises of the combined elements of “who”, “what”, “when”, “why”, “where”, “how” and “how much” and business model replacement means improving at
least 4 of these business model elements versus the competition and whenever company makes these replacements in the products and services that weren’t previously available,
these replacements as well as the process to makes these novel replacements are referred to as business model innovations.