Redesigning the Business Model
Episode Description
📂 Innovation 🏷️ Research
Brief Summary
Chris Do discusses business model design, value creation, and the need for continuous innovation in companies like Apple and IBM.
Key points
- Apple's Business Model Transformation. Apple shifted from hardware sales to creating value through music downloads with the iPod.
- The Decline of Blackberry. Blackberry's failure to adapt its business model led to its decline and near bankruptcy.
- IBM's Service-Centric Shift. IBM transformed from a product-centered company to a service-oriented business model.
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Episode highlights
- Apple's Business Model TransformationApple shifted from hardware sales to creating value through music downloads with the iPod.“Apple realized they can create value for stakeholders by not just selling a gadget.”0:56Nov 19, 2014
- The Decline of BlackberryBlackberry's failure to adapt its business model led to its decline and near bankruptcy.“Blackberry stuck to a particular way of doing business and ignored changes.”9:41Nov 19, 2014
- IBM's Service-Centric ShiftIBM transformed from a product-centered company to a service-oriented business model.“Today, the most profitable part of IBM comes from services, not from the boxes.”10:46Nov 19, 2014
Tension
45/ 100Some tension
