Business Model Book H2

Question 1

What are thee basic strategies to generate a new business idea?

Answer 1

1. Transfer: an existing business model is ported to a new industry
2. Combine: transfer and combine two business models
3. Leverage: a company uses a succesful business model for another product range

Question 2

Which are the 4 steps the business model navigator consists out of?

Answer 2

1. Initiation
2. Ideation
3. Integration
4. Implementation

Question 3

Whhat are the two major infleuncing factors that you need to consider in the ecosystem analysis?

Answer 3

• Technologies

- Mega Trends

Question 4

What does NABC stand for?

Answer 4

Need, Approach, Benefits and competition

Question 5

What is internal consistency?

Answer 5

Defined as presenting a harmony between the who-what-how-why (magic pyramid) dimensions

Question 6

What is external consistency?

Answer 6

Refers to the fit between your new business model and the company’s environment

Question 7

What is the basic cycle of business model innovation?

Answer 7

Design, prototype, test

Question 8

What is the fat smoker syndrome?

Answer 8

Employees are aware of the health risks and have a strategy to solve the problem, but they lack the determination and discipline.

Question 9

What does every managment initiative require?

Answer 9

Long-term vision

Question 10

How should you define your goals?

Answer 10

Through SMART approach

• Specific
• Measurable
• Acceptable
• Realistic
• Time-bound

Question 11

What are two ways to make us of new capabilities?

Answer 11

1. Develop the capabilities internally

2. Partner with others

Question 11

What are St Gallen 7 indentified cultural aspects of innovative companies?

Answer 11

Agile implementation
Nurture
Inspire
Motivate
Align teams
Trasparency
Empowerment