Business models are similar to a puzzle, a game that requires skill and patience to combine the pieces in the correct way.

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Why is Business Model Innovation essential?

by Francisco Santolo

Business models are similar to a puzzle, a game that requires skill and patience to combine the pieces in the correct way.

Why is Business Model Innovation essential?

But instead of seeking to recompose a known figure or image, we seek through multiple attempts to create an unknown or non-existent combination, seeking consistency and generating potential innovation.

What What makes it even more interesting?

It is essential in this exercise to listen to the other person's opinion, to understand their point of view. We do not have all the possible pieces in the box of parts made up of our gifts, knowledge and experiences. The more boxes that are within our reach to discover parts, the greater the value. the possibility of generating new images -and, by analogy, innovative or disruptive business models-.

Looking outside the industry itself has led to many notable innovations and disruptions.

A classic example of this is Henry Ford's development of the assembly line, an idea that took of the meat industry. Butcher shops used an "assembly line" to move carcasses along a steel rail from one worker to another, each performing a specific task.Ford took the concept and revolutionized manufacturing.

Innovation necessarily consists of ideation and commercialization. Many times the pressure to generate the idea stops us; when ideas abound, they are simply pieces that inhabit other spaces other than ours.

I discover in my consultancies and courses that delving into the advanced study of business models is essential for managers. Like this You will also have exposure to other views and practices outside your industry, cultures and geographies. A deep and genuine approach to diversity, to forming social capital through the practice of networking and an innovative mindset of collaboration.

The problem? It goes without saying that inertia is very strong in companies. In a short term that is increasingly shorter, doing what has always been done and in accordance with the norms and expectations of the sector is much easier than encouraging yourself to innovate, reinvent yourself and change.

However, only companies that dare to innovate will survive to tell the tale in a world of growing disruption.

Those who continue to embrace their ego and repeat the same thing will be left out of the market in one of the next shocks.

I share a podcast with you respect.

I hope it added value! I await your comments. Thank you! Big hug,

Francisco Santolo


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