Business Model Innovation Strategy

Business Model Innovation Strategy refers to changing how a company creates, delivers, and captures value. It involves rethinking core aspects of a business, such as its target customers, revenue streams, and operational processes, to better meet market demands and achieve competitive advantage. In the context of Strategic Innovation Management, this strategy helps organizations adapt to new technologies, evolving consumer preferences, and market disruptions, ultimately leading to growth and sustainability. By innovating their business model, companies can discover new opportunities and stay relevant in a rapidly changing business landscape.