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4 Agenda ItemTime Introduction15 mins About Innovation30 Mins What is a Business Model?30 Mins Does it apply to me?5 Mins Kodak/Fuji Film Case Study10 Mins Morning Tea20 Mins The Business Model Framework30 Mins Workshop Exercise – Ballast Blaster45 Mins Assessing Business Models10 Mins Implementing Business Model Innovation5 Mins How you could use Business Model Innovation in your organisation5 Mins Feedback Forms and Close10 Mins
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New product design New functionality Completely new products New ways of product delivery Product/Service Packaging Contract for service vs transactional sales Consumables vs the unit itself Customisation
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Results achieved through Process Innovation Faster Cheaper More flexible Simpler Improved communication Greater levels of customisation “improving the sequencing of work routines and information flow to achieve business improvement.”
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“a conceptual framework for identifying how company creates, delivers and extracts value”
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47 Product and Service Innovation Process Innovation Innovation Program Business Model Innovation
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48 Product and Service Innovation Process Innovation Traditional Innovation
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49 Product and Service Innovation Process Innovation Strategy Domain Business Model Innovation Operational Domain
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Business Model StrategyFinancial Implications (Value) what are intangible assets? Operating Environment
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57 19002020 50-100 Years 50-100 Years 6 Months
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60 Need Sustainable Revenue to Survive
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68 Customer Value Financial Delivery External
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69 Capabilities Activities Partnerships RelationshipsChannels to Market Costs Customer Value Revenue Financial Delivery External
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71 Evaluation Process Value Co- Creation Purchase Process Set-up/ Installation Use/ Operation Complement.product/ services Maintenanc e & After sales Ending Value and Value Transfer
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Evaluation Process Value Co- Creation Purchase Process Set-up/ Installation Use/ Operation Complem. products Maint./ after sales Ending/ Value transfer Increasing customer productivity Simplicity for customer Convenience for customer Reducing Customer Risk Impact on Customer’s Image -72-
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© Mission HQ Pty. Ltd. All Rights Reserved 81
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© Mission HQ Pty. Ltd. All Rights Reserved 85
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Innovation Catalyst™ Seminar To Have – More market share – Profitable customers – Greater access to capital – More business relationships – Greater revenue 88
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94 Level of Investment Required Time to revenue R&D spend to achieve development Access to technical expertise 20m Level of risk Organisation's Profile if successful Financial return if successful ShortLong Low High Low High LowHigh Low High Low High 200k
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© Mission HQ Pty. Ltd. All Rights Reserved 97 Business Model Process Information TechnologyCulture Skills Structure
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