Michael Teng

Business Model Innovation Michael Teng

Business models do become obsolete very rapidly nowadays. Business model is how to capture, create, develop and deliver value to the customer and market. In this booklet, the author lists the many examples of business models that companies may wish to adopt and innovate. Many businesses fail because they let their business models fall into stagnation and their value proposition to their customers gets eroded. Although business models can be similar, businesses are not. Businesses are different when they innovate or re-evaluate their business model by asking themselves who they are, with whom they work, how they can capture and create value, and how sustainable the model is.