Content written by Simon Torrance and published by the World Economic Forum
MBA News Digest Comment: Think “business school model” as well while reading this article.
Extracted Content: As the Fourth Industrial Revolution becomes ever more pervasive, we have good and bad news for leaders of incumbent businesses in all sectors and all geographies.
We spent a large part of last year analysing the performance of the business models of the world’s leading companies. By “business model” we mean the overall, interdependent system by which an organization creates value for customers and captures value for itself. This includes its propositions, products, resources, processes, revenue streams and cost structures.
The bad news first: there is an urgent need to transform traditional business models. The good news: there are ways of slicing up this seemingly elephantine task into bite-sized chunks.