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Business Model Questions
How and when can we make money with this radical innovation?
How can we reduce uncertainties?
Who are the customers for this radical innovation?
What sort of value chain must be built to commercialize this
innovation successfully? What are our core competencies that
will define our role be in the new value chain? Who else will
participate in the value chain and what will be their roles?
Who will pay whom, why, and for what?
How can we reinvent our business model in response to emerging
threats and opportunities?
Use Simulation Games to Strengthen Your Business Model
Managing chaotic radical innovation projects is more art than
science. It's like playing a football game. Diverse challenges
and dealing with them could be considered as sub-processes ‒
chaotic and unplanned though ‒ of a radical change/innovation
project where every step forward is a step into a terra
incognita. The beauty is that the business model of a radical
project emerges reinvented, diversified and stronger from every
such "sub-process".
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