Business Model Transformation

Business Model Transformation refers to the process of fundamentally changing how a company creates, delivers, and captures value. This can involve altering its products, services, or target markets, often to adapt to new technologies, customer preferences, or competitive pressures. For instance, a traditional retail store might shift to an online platform, or a company might embrace subscription services instead of one-time sales. The goal is to improve efficiency, increase revenue, or respond to market changes, ensuring the business remains relevant and competitive in a dynamic environment.