How To Be Innovative – Day 13- Business Model Innovation

What exactly is a business and model and how do we turn this in to innovation. Business models tell us exactly how a company will create, capture and deliver value for its propositions. There’s a wide range of systematic criteria that should be considered. Having a range business models, will ensure maximum innovation and market penetration.Business models should be well documented from the very beginning. When constructing said model, map out the personal business model i.e how do you create, capture and add value to your life? It will further help to identify a business model you take a liking to and try to understand and visualise what would your business model look like if it was merged together with your own ideas?