Business Model Failure

Strategy, strategic planning, and business model design are complex processes that all organizations must address as part of creating and executing an innovation strategy. One of the crucial tools for existing organizations is to effectively assess their current business models. Cliffe (2011) discusses some indicators that your business model might be in trouble.  Casadesus-Masanell and Ricart (2011) offer an approach to building a good model using virtuous cycles. Foss and Saebi (2017) offer broadly focused research on business models themselves, suggesting key features that a successful model should have.How do the principles of the readings in this unit’s discussion support or conflict with designing a winning business model? How have ideas changed since 2011 which show business innovation processes in place? Consider the principles discussed and apply them to a company or industry of your choice. Describe whether the older readings or newer reading better reflects the attitudes, behaviors, and actions of the selected organization or industry.

References

Casadesus-Masanell, R., & Ricart, J. E. (2011). How to design a winning business model. Harvard Business Review, 89(1/2), 100–107.Cliffe, S. (2011). When your business model is in trouble. Harvard Business Review, 89(1/2), 96–98.Foss, N. J., & Saebi, T. (2017). Fifteen years of research on business model innovation: How far have we come, and where should we go? Journal of Management, 43(1), 200–227.

Respond to at least two learners’ postings