objective of business_model

May 29th, 2015
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Alcorn State University
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PARAMETERS OF DIFFERENTIATION BUSINESS MODEL INNOVATION STRATEGIC MODEL INNOVATION 1.NATURE Business model innovation aims to create, capture and deliver value to your customer segments. A strategy model of innovation is a contingent plan of action as to what business model to use depending on the resolution of the contingency.

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PARAMETERS OF DIFFERENTIATIONBUSINESS MODEL INNOVATIONSTRATEGIC MODEL INNOVATION1.NATUREBusiness model innovation aims to create, capture and deliver value to your customer segments.A strategy model of innovation is a contingent plan of action as to what business model to use depending on the resolution of the contingency.2. PLAN OF ACTIONBy observing the current business model innovation of a firm we do not know how that business model will be changed (as prescribed by the firm's strategy) incase contingencies in future takes place.Modification in the plan of action (changespolicies, assets, governance) due to contingencies is well taken care in the strategic model innovation.3. SCOPEBusiness model innovation takes into account strategic innovation. Strategy is much more than the mere selection of a business model; it is a contingent plan as to how the business model innovation should be configured, depending on contingencies that might occur.4. MANDATORYEvery organization has some business model innovation (because every organization makes some choices and the choices have consequences)Not every organization has a strategy innovation. (An organization has noStr

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