Revolutionizing Business through Team Composition: The Key to Business Model Innovation
Introduction In today’s fast-paced business world, companies are constantly seeking ways to stay ahead of the competition and achieve sustainable growth. One key strategy that has gained significant attention in recent years is Business Model Innovation (BMI). BMI involves creating new or transforming existing business models to stay competitive, and one crucial aspect of this is team composition. According to a study by McKinsey, companies that prioritize team composition and diversity are 45% more likely to experience financial returns above their industry median. In this blog post, we will explore the importance of team composition in driving Business Model Innovation and provide insights on how to create a high-performing team. ...