Executive Briefings

In Today's Economy, You Must Ask if Your Business Model Is Still Relevant

Remember when Motorola ruled the mobile phone business worldwide? And then Nokia did? And then BlackBerry did? And now none of them do? What happened?

We all ask the same question about Kodak, monarch of the global photo industry for a century, now bankrupt, while Instagram, a photo-sharing service with a dozen employees, is sold to Facebook  for $1bn.

We're not living in ordinary economic times. The convulsions of the past five years have left many business people asking the most fundamental questions about their companies: Will our strategy work in this environment? What must we change, and what must we not change? Do we need a new business model?

Three questions to ask are: What is our core? How is today's unprecedented environment changing our customers and their behavior? And, is our industry being deeply restructured, and if so, how will it affect us?

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Keywords: supply chain, supply chain management, value chain, relevant business models

We all ask the same question about Kodak, monarch of the global photo industry for a century, now bankrupt, while Instagram, a photo-sharing service with a dozen employees, is sold to Facebook  for $1bn.

We're not living in ordinary economic times. The convulsions of the past five years have left many business people asking the most fundamental questions about their companies: Will our strategy work in this environment? What must we change, and what must we not change? Do we need a new business model?

Three questions to ask are: What is our core? How is today's unprecedented environment changing our customers and their behavior? And, is our industry being deeply restructured, and if so, how will it affect us?

Read Full Article


Keywords: supply chain, supply chain management, value chain, relevant business models