What is the primary focus of “business model innovation”? 🔊
The primary focus of business model innovation is to develop new frameworks for generating revenue and delivering value to customers. This involves rethinking existing structures, exploring opportunities for partnerships, or leveraging new technologies to create unique offerings. Business model innovation enables organizations to respond to market disruptions, enhance customer experiences, and improve operational efficiency. By fostering a culture of innovation, companies can navigate challenges, capitalize on emerging trends, and achieve sustainable growth in a competitive landscape.
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