Business Model Innovation Canvas
A ‘super stretch’ exercise encouraging a group to think about value-adding changes to the business beyond brand, product innovation and communications initiatives
What's it for
A great approach to unlocking growth across the value chain via innovations to business model. Use in sessions with a cross-functional team – if splitting into smaller groups encourage representation from different functions in each. NB Can often lead to circling back to earlier stages of the innovation journey, to revisit concepts in light of business model innovation initiatives.
How to do it
Begin by filling the left hand column; how the business operates today
Explore as a group: the questions in the middle column – 4 ways of changing and innovating that model
Articulate in 2 or 3 bullet points what the business model would look like following those changes