Business model encapsulates the logic of a firm and the way it uses factors of production to create value for stakeholders. To a large extent, that is the outcome of any business strategy framework. A good strategy decides on the best business model through which a company will compete and operate in the market.
In the scheme of things, you can have many models at the end of the strategy session. The business model you commit your business to has a catalytic impact on your success. Period – business model is supreme.
At Tekedia Mini-MBA Live today, I will explain that supremacy and why leaders must pay attention to the business models they operate. Microsoft had a lost decade until they changed a CEO. When the new boss man came, he changed the business model. Looking at the plot, the impact is significant and well correlated. I will present more cases to show why a change in CEO who comes with a new business model has transformed the destinies of firms.
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Yes, the company has been bleeding revenue, but they changed the CEO. Magically, using the same staff on the products, the revenue started going north. What happened? New business model has been deployed.
Join me at Tekedia Mini-MBA live; Zoom link in the Board.
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Register for Tekedia Mini-MBA (Jun 3 - Sep 2, 2024), and join Prof Ndubuisi Ekekwe and our global faculty; click here.
