In the time of a crises changing a business model might be a must, not just an option, for any business hit by the crises. Our ambition is creating a library of patterns for Business Model Innovation (BMI) to be used when considering a radical change in the company’s offering. Examples of such patterns are given below. The first example refers to the transformation presented in a in interview with Nassim Nicholas Taleb, the example starts at 22:04 min in the video recording below:
A FEM model of this kind of BMI presented as a generalized pattern is as follows (click on the image to get a full size model).
The second example is taken from [8], and it represents a radical change from being a hardware manufacturing to licensing software to other hardware manufactures. The pattern was extracted from the real life business case (click on the image to get a full size model).
Resources related to BMI: See papers [3], [2] and [8] in the list of Articles
The models above were drawn using our FEM toolkit.