Revolutionizing Industries: The Power of Business Model Innovation
Introduction to Business Model Innovation Business Model Innovation (BMI) is a strategic approach to transforming a company’s core business model to achieve a sustainable competitive advantage. According to a study by the University of Oxford, companies that adopt BMI are 26% more likely to experience a significant increase in revenue and 25% more likely to experience a significant improvement in profitability. In this blog post, we will explore four successful cases of Business Model Innovation, highlighting the strategies and results of each company. ...