A common misconception is that strategic planning for a brand, a communications plan or marketing is only for large companies. But the reality is that most businesses can greatly benefit from the exercise.
It takes a great deal of courage to stop and view everything differently. This often takes more courage than the action of executing change. But how does one go about reinventing their business model? In this post, we discuss HOW a business model can be reinvented using 3 core themes.
Why should a business consider digital reinvention, more specifically, a business model reinvention? What is driving this need for change? Recently, business models have dramatically changed. Consider for example, the rise of a company such as Netflix. Today, this start up company is worth millions of dollars. In only a few years, they have managed to completely disrupt their industry and make experts question the traditional business model in which they once sought solace.
Reinvention requires a proven, systematic approach. Because of the complexity involved, most reinventions fall short of their original goals. Extracting the full value from digital business reinvention requires a carefully coordinated approach. We discuss and demystify four easy steps to systematic digital reinvention for your business.
Every day is another step in the process of digital business reinvention. It’s a continuous process and one which will arguably never die. When Madonna burst onto the scene in the early 1980s, there was little reason to suspect that she’d have more than her 15 minutes of fame. But in the nearly three decades since her debut album, she has managed to remain a media icon. What’s her secret?
Recently it dawned on me how many people and businesses are struggling with digital overall. We know that reinvention is necessary in these ever changing times.