Adapt or Die. What is Business Model Innovation?

By • on October 13, 2011

The SimplyBiz.co.za site notes that business models have evolved a great deal over the past few years. Technology has enabled businesses to have a wider reach and compete globally. Making your business adaptable is one of the key ways for businesses to ensure survival and have a competitive advantage. Adapting your company’s business model and making room for innovation is something entrepreneurs should consider. What is business model innovation and how can adapting a business model stimulate growth and generate a profit within an enterprise?

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