How Technology is Re-Shaping Your Business Models
October 22, 2018
Effective business models must include three features: the target customers of the business, the value proposition for those customers, and the value chain architecture. Innovation in digital technology allows organizations to redefine and recreate their business models by giving organizations the flexibility to redraw their value chain architecture. This not only creates new value propositions for existing customers but can also change the customer set. Redrawing business models start with changing the sequence of the value chain.
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