What is a business model? Business model innovation is the new management buzz word these days but a lot of managers are still clueless about what it really means, and even after getting past all the academic terms and definitions, they remain nonplussed with regard to where to start. Having been through the academic part of learning and multiple conversations with top executives, I will strip the term, ‘business model’, to its basic essence before moving to exciting part about ‘business model innovation’.  Here is exactly how I explain business model to managers. The term ‘business model’ refers to these … Continue reading Getting Started in Business Model Innovation