Dubai Seminar on Business Model Innovation
An article on the website AMEinfo.com reports on an August 16 seminar in Dubai on Business Model Innovation (BMI). BMI refers to the creation or reinvention of a business. Though innovation is more often seen in the form of a new product or service offering, a business model innovation results in an entirely different type of company that competes not only on the value proposition of its offerings, but aligns its profit formula, resources and processes to enhance that value proposition, capture new market segments and alienate competitors.
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