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What is Business Model Innovation?
by Josiah Go
There has been a growing interest in business model innovation (BMI). What exactly is BMI and how does one go about it?
Business model innovation is a new way the company creates and delivers value to a set of consumers and customers at a profit. For easier understanding, BMI has 3Vs and 4Cs.
The 3Vs refer to value creation (target market and value proposition), value capture (revenue model and cost) and value maneuvering (resources and processes, as well as value network), which all aim to attain superior economic value (profit and cash flow) for the firm.
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Announcing 4 new courses and training programs designed for business leaders, entrepreneurs, industry catalysts and marketers : BUSINESS MODEL INNOVATION, 8 PILLARS OF PROFIT STRATEGY, NEW DEMAND WHEEL, THE WE ENTREPRENEUR
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How to Develop Sales Plans That Work
by Emilio Macasaet III
The end of second semester of 2010 is fast approaching. It’s again time for most companies to conduct strategic sales planning sessions. Managers are expected to spend sleepless nights to prepare enormous amounts of data needed in the planning session. These planning activities may be conducted outside the office or even outside the country to provide an environment where managers can focus and squeeze their creative juices.
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