business model

TOP 10 America’s Best Management Consulting Firms: Innovation, Growth & New Business Models 

Business innovation and innovative business models enable transformative growth and create a driving value. Business innovation usually serve two purposes: to defend and to disrupt. In terms of ‘to defend’ – it is a powerful approach to increase company’s competitiveness. In terms of ‘to disrupt’ it is a way to seize new opportunities. Consulting companies in Innovation, Growth & New Business Models do an outstanding and often a silent job in bringing innovations into this world and making companies to grow through innovation.

Global Innovation Management Institute is proud to acknowledge Top 10 America’s Best Management Consulting Firms: Innovation, Growth and New Business Models. These companies were recognized in Forbes magazine.

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Business Model Innovation Demystified

All business models are not alike. Unfortunately, many executives look at their own firm’s business model as a given—as the natural, the best, or perhaps even only way to make money in a given industry. But, in reality, there are many, many business models that executives have to choose from. Understanding that there are many instead of one or two models can bring people to a new view of how they do business: that firms can be very creative in the way they can configure their entire business. So, in addition to innovation in products, services and processes, companies need to explore business model innovation — an often untapped resource for creating real value.

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Business Model Innovation

Who would think that the automotive industry is innovative?  The successes of multiple players in the automotive industry players offer a good case in point of the power of business model innovation. Companies like Tata have borrowed from innovation leaders like Ikea to deliver auto assembly kits that can be assembled at much lower costs in local villages to help the Nano break through the $3,000 barrier. Tesla has borrowed business models from the solar lighting industry and experimented with selling their all-electric vehicles with solar carports to take vehicle power totally off the grid and reduce total auto life cycle costs.

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