How to design exponential (10X) business models?
A business model defines how value gets created and delivered in a company. It is an organized way of laying out assumptions about key resources, partners and activities of your value chain. These include your value proposition, customer relationships, channels, customer segments, cost structures and revenue streams. An exponential business model looks at the same key areas as a traditional business model—but it has radically different goals.
Most business models are linear, designed to increase profits or decrease costs by 10 percent. With an exponential business model, we think in terms of changes that are 10 times greater or lesser than today’s value—the common shorthand for this goal is simply “10X.”
We believe that learning how to design exponential business models is a discipline all leaders and entrepreneurs can learn.
So, how do you design exponential business models?
Suhit is a Partner and Strategy Designer with Business Models Inc, his expertise is in social innovation and entrepreneurship, working at the highest level of government policy design and with a keen eye for business model t...
You might be interested in
Whilst most organisations realise the need to become more innovative they often unwittingly put barriers in place which stifle their attempts at innovation. This evening we will discuss what some...
As the digital age juggernaut surges ahead in first world countries, in what ways might the concept of democracy and democratic processes and institutions change?
Historians, screen producers and executives will discuss high impact stories from South Australia’s past that could translate to big and small screens globally.