As you evaluate new businesses or consider reinventing your current business design, ask yourself the following questions:
- Is our current business model strong and sustainable?
- Is our business in tune with shifting customer priorities and the changing environment?
- Are we playing by the same set of rules for success as the rest of our industry?
- Have the traditional rules suddenly changed in the past year?
- How can we play by more innovative rules?
- Are we playing by the right rules, but executing poorly on our strategy?
- If so, are our main execution issues about:
- defining and delivering value to customers?
- improving operations?
- aligning our organization?
- Are we using the potential of the Internet and other digital technologies to improve our business?
- Do we know how to adapt our business design to future challenges
Source:
Business design innovation: Transforming ideas into results
by Rick Wise
Mercer Management Journal, Issue 13
Subject: Management Questions
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