Management Model in the age of AI
I think it has become a cliché now that "digital transformation leads to new business models". In reality, new business models are hard to come by, and even if you chance upon something new and compelling, it is extremely difficult to protect your innovative idea because competitors have become more adept at responding to such innovations quickly. Companies are therefore on the lookout for new forms of competitive advantage that are enduring, sustainable, hard to copy and valuable. Most businesses derive their business model following Peter Drucker's "theory of the business": the organisation's positioning with respect to the environment (market, governments, society), the organisation's mission with respect to deliver something valuable and relevant to the environment, and the capabilities needed to not only accomplish the organisation's mission but also to establish sustainable business growth over a long period of time. Having an idea about these aspects of business model is a good starting point, and for sure, will give you the answers to the "what?" and the "why?" of your business.
Jun-30-2018, 15:41:12 GMT
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