The EBMIF Business Model Design Framework

Business models are not stand alone. They can function well only in a well thought out Business Model environment - handling challenges as they come.

Business modelinnovation is regarded already today as the major driver of value creation andgrowth. In a few years, it will be the main source of competitive advantage.

Competitive advantagebased purely on product advantage will at best be only short-term. The wayproducts are created, delivered, and maintained will make the greatestdifference in the future. How companiesdo business will often be more important than what they do. Consequently,companies will have to continuously review and reconfigure their businessmodels.

In the processof business model innovation, the challenge is to balance stability and reliability with innovation andchange. Without a systemic approachto ensure that all involved internal and external parties work ‘in concert’to develop and implement one consistent business model and can leverageexisting assets and that is aligned with the markets, success will not be achieved. 

Business model innovation needs to be turned into a systematic process thatenables organisations to execute it with operational excellence and to repeatit successfully again and again.

Organisationsthat start to think about to work on business model innovation and to institutionalizethe process soon discover that they haveto find new answers for a whole range of questions and have to struggle withmany challenges.

The EBMIF Business Model Design Framework

The intention ofthe European Business Model Innovation Forum, co-founded by Juergen H. Daum, isto leverage the collective intelligence and experience of a group ofprofessionals – cross-company, cross-industry, and cross-country – toaccelerate the process of developing a ‘best practice business model innovationprocess guideline’ and to facilitate learning and new insights that help theparticipating companies to successfully implement business model innovation intheir organisations. 

Output desired: Specifically this should enable them to avoid the cost offailure and implement change without jeopardizing the existing business, tocreate real differentiation and to beat competitors, to overcome resistance tochange and increase speed, to boost productivity and reduce down time, and tomeasure the impact of change.

(To read the article on www.iioe.eu, please click here)