New Business Models
New technologies and opportunities are allowing for and necessitating new business models. Equally old approaches are starting to reveal their weaknesses. The ability to upgrade, evolve and leverage new business models will becoming a more and more important success factor for life and business.
Key Considerations
- New Business Models have been a part of life and business for thousands of years, however the speed and scale of their innovation, deployment and impact is predictably increasing.
- Some of the New Business Models are a synthesis and translation of old models to new purposes, or across geographies and business sectors.
- There are correlations and interconnections between New Business Models and New Economics and other key trends.
- The existence of new “mega corps” (trillion dollar valuation companies with billions in liquid cash reserves) and new “mega people” (individual billionaires with billions in liquid assets) are shifting the way investment, relationship capital and access to “influence” the market and customer sentiment operates. Their existence is no longer “sci-fiction” and yet the approach to business in general remains in fixed theories – this relates to capitalisation, and many other aspects.
- Collaboration across the business ecosystem we believe is a key tenet of the New Business Models that will prove successful.
