The initial business model innovation research by the BMI Lab co-founders, Prof. Dr. Oliver Gassmann and Prof. Dr. Karolin Frankenberger found that 90% of all business models are a recombination of 60 already existing patterns. By applying this research to the current trend of global digitization, we have identified 5 business model patterns that you should follow in 2021 to create new value in a digital world.
Implementing New Circular Business Models with the Circular Navigator Methodology
The focus of many companies is currently on sustainability, however a big gap still exists between the actions taken and the current state of the planet. This article explains our framework called «Circular Navigator» which provides an actionable path for companies to design, validate, and implement circular business models.
150+ Tools to Easily and Quickly Test Your Business Model
“Which tool do we need to test this business model?” This is the most frequently asked question since we started implementing innovative business model ideas with our clients. The answer? There is no perfect tool for your test. But to help you with that process, you will find a large number of digital tools in this article.
COVID-19: The digital transformation catalyst of banking business models
The banking industry faces change, probably in a never known pace and relevance than before. Our joint report together with Microsoft on "Boosting the innovation of banking business models” indicate why the need for exploring new business model opportunities is relevant and how to act and accelerate the exploration of technology-driven and digital business models for financial institutions.
Introduction to the circular economy
The environmental issues humanity is experiencing on the planet nowadays are unprecedented and require new innovative solutions from businesses, which have mostly been operating in a linear manner. This article will give you insights on how our ecosystems have gradually been destroyed and how these problems can be partially alleviated thanks to circular business models.
4 Inspiring Ideas to Overcome Challenges when Testing Innovative Business Models
What we have learned about testing business models
7 Steps to Prepare Your Business Model for Post-COVID-19
Uncertainty and risk will remain high. How can we deal with these difficulties? COVID-19 has influenced many industries and companies. Together with our customers, we discussed an approach to tackle this uncertainty. The key idea behind it is to make yourself familiar with several possibilities, for what the future might look like. What would this mean for your business model, and what it means with regard to identifying new business opportunities.
The 5 steps for implementing digital business models
The increasing popularity of creativity methods such as Design Thinking and the St. Gallen Business Model Navigator have led to a state where companies are now well equipped to generate many innovative ideas. The better the first step of business model innovation is mastered, the clearer it becomes that the true challenges for companies lie in the following phases: translating ideas into validated business model concepts and turn them into profitable businesses.
Business Model Innovation from the CES 2020
The CES Las Vegas is the first global show of the year for companies thriving on the business of consumer technologies. As passionate innovators, we looked at the innovations presented at this year’s show and analyzed them from our business model innovation point of view. Take a look at 3 takeaways that will change the face of many industries this decade
Business Models – Definition and Reason
When you read about anticipated changes due to IoT, Industrial IoT, or Industry 4.0, you inevitably come across the term business model. Usually, it is the conclusion based on the changes anticipated by the IoT: You have to innovate or change your business model. But more often than not, that’s all you get and you’re left by to figure out how to do that on your own. This blog post was created to help guide you through that process in the context of IoT. It provides you with a more complete picture of the changes that IoT will have on business models and subsequently all businesses.
Business Model Innovation 2020 - From Lean Startups to Impact Startups
Smart Cities and Digital Innovation: a guide to the future
The big challenge in business model development: How to systematically test your business model
Business Model Scalability: Internal vs. External
The new version of the BMI Pattern Cards is available now
The Assumptions Juice Press – A tool to identify your most critical assumptions
From product to business model innovation: TICK, the laundry on demand service from Migros.
Several European companies, that are hidden champions in their domain, are succeeding in innovation through a guided Business Model Innovation process. We explain the business case of Tick Wash, a new venture created by Migros group in Switzerland - register to our Business Model Innovation workshops now!
Business model creation and innovation in China: not just copycats
Chinese innovators, rather than just copying other services and products, have a very particular approach to business model innovation, addressing the particular traits of Chinese customers. We can get useful insights from their experience - Do you need more? Register for our Business Model Innovation workshops!
How to properly use the BMI pattern cards
Are you wondering how to use the BMI Pattern Cards? In this blog post, we give some valuable advice to obtain the full potential of any workshop, using our methodology for Business Model Innovation. If you need more information about our methodologies and services, check out our web page or send us an email.