Changes in all markets can come on rapidly and may sometimes feel like a lot to take on, raining down attacks on your business. It’s often the case that great businesses get left behind because they won’t adapt – it’s not that they can’t, it’s that they won’t and don’t.
A change in the business model can take many forms of course; what you charge for, how you charge, how you go to market, how you reinvent your supply chain, how you organise assets and how you configure new value.
Technological and economical advances help to drive new business models. The question is, how is your company doing when it comes to embracing the changes?