Business Model Innovation for Management Consultants
Originally published: 22/11/2021 08:54
Publication number: ELQ-22385-1
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Business Model Innovation for Management Consultants

Business Model Innovation for Management Consultants. A practical guide on how to change & innovate the business like Apple, Uber, Tesla, Amazon, Disney.

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Business Model Innovation for Management Consultants
A practical guide on how to change & innovate the business like Apple, Uber, Tesla, Amazon, Disney
Consulting firms are hired very often to help to change the Business Model. Those projects are difficult as you have to generate innovation and convince the firm to change. There is no one recipe for how to innovate. However, there are some proven techniques, frameworks, approaches that will help you find a way to innovate the Business Model.
We will discuss the most useful methods that will help you innovate your business. We will group different techniques around different elements used in the Business Model Canvas. Therefore, we will start by discussing how this model looks like. In this presentation, I will teach you how to pick the right Business Model Innovation technique during consulting projects.
In the presentation you will learn the following things:
1. What frameworks, tools techniques you can use to Innovate your Business Model
2. How others have implemented the Innovation
3. How to estimate the potential impact of the Business Model Innovation in Excel
The techniques we will show are used in combination by many famous firms. For example, Tesla is using enabling investments, innovative revenue streams, innovative sales channels, and going down the value chain (production of batteries).
Amazon on the other hand has transformed many costs positions into revenues, has been also transferring a lot of costs to suppliers or customers. There are also great at simplification (e.g. 1-click purchase, Amazon Prime), as well as digitalization (Kindle, Amazon Video, Audible, Alexa, AWS).
We will discuss this and many other examples in the presentation.

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