Business Model Shifts: Six Ways to Create New Value For Customers Paperback – November 24, 2020

Business Model Shifts is a much-needed guide for business adapting in Covid and post-Covid(hopefully soon) times. The shifting needs of customers demand an elastic yet “feet on the ground” approach.I found the book valuable as a guide - full of relevant stories of how people have successfully made the shift. The authors walk you through how your company can as well by among other things, making a mental shift in seeing people’s needs as more service-oriented even when you have thought of yourself as producing traditional goods. This was a particularly clever insight, my favorite of many and especially valuable for my company.Thank you for an extremely valuable hand guide to adapting during Covid and beyond!

We live in a world where change is always happening. New technologies are produced, new systems are created, human expectations change, resources become scarce… So how a business can deal with all of this? The answer is by shifting their business model to fit the new changes and deliver respected customer service.A business model shift can be defined as a deliberate and systematic move towards more relevance and value for customers, and as a result growth of your organization. Business model shift can reflect bold moves into wholly new business models. But, more often shifts start as small moves inside an existing business model that evolve into entirely new ways of creating value and relevance.Business model shifts have been undertaken by all types of organizations in many industries. And, in every case, those business model shifts were undeniably designed by the organization to deliberately create, deliver and capture new value. Likewise, given that change is non-linear, business model shifts in every case must take into account technology acceleration and the changing needs and expectations of people.The authors introduce seven areas where the shift can happen. In each chapter, strategic questions are asked to help you determine where the change can happen in your organization. Detailed and quick case studies are used to give a clearer example of the model shift. Finally, concrete steps are clearly laid down to pave the road in front of the business to make the necessary change. This book has been structured to show how each business model shift moves away from a traditional, outdated and inefficient business model to one that highlights the unique elements that exist in a particular shift, such as the services shift, in a stunning, appealing, and engaging format filled with all kind of visual representations.

We have used the Business Model Canvas, first revealed in BUSINESS MODEL GENERATION, by Alexander Osterwalder and Yvs Pigneur, in many strategic planning sessions. The canvas allows for a high degree of interactive participation and is accessible to many levels within a company.In BUSINESS MODEL SHIFTS, you get numerous case studies that examine how to make a substantial business shift in six areas.1. Moving from product to service2. Shareholder to stakeholder3. Digital shift to being more connected with customers and their needs4. Pipeline to platform5. Exponential growth, 10X6. Circular, restorative, sustainableThe books features detailed examples for each of these business model shifts. There is a large case study, medium-sized cases and two-page short case studies.Two flaws mar most business books. The first is that the authors tell you the "what" and ignore the "how." The second is that these books focus on and draw examples from Fortune 100 world-wide brands, not helpful if you are an entrepreneur.BUSINESS MODEL SHIFTS delivers in both respects. The book is one huge "how" and there are plenty of case studies that focus on small to medium-sized emerging companies.

Business models and strategies are constantly changing.There is one thing that has remained unchanged. It’s the focus a business should have on increasing value and delight for their customers.This super-fun book: Business Model Shifts is far different from all other business/entrepreneurship books I have read!The book examines 6 different kinds of business model shifts, each addressing a structural flaw in the current economic system, and identifies the opportunities that lie on the other side of those flaws.The 6 business model shifts are from:1. Products -> Services2. Physical -> Digital3. Shareholder -> Stakeholder4. Pipeline -> Platform5. Incremental -> Exponential6. Linear -> CircularSome of my favorite businesses the authors dive into include Duolingo, TOMS, and BMW.I'd highly encourage you to check this book out! - @unleashtheknowledge

The business world continues to exponentially grow and change faster and faster. The speed in change has shown us businesses that must either adapt or die trying. “Business Model Shifts” shows us how to redesign and shift organizations business models to ensure that organizations live on and continue to thrive in the future.I appreciate the practicality of this book. It shows us the six ways to create new value for customers, while taking a look at many several case studies, individual business models, and other business patterns. It is a great tool and resource to better understand business, business opportunities, business models, and help you create your own shift for the future.