Unlocking Sustainable Success: Key Questions for Business Model Evolution
The article discusses how companies can improve their business models by focusing on customer value. By asking three key questions about customer benefits, target customers, and delivery of benefits, successful firms can sustain their competitive edge. Research shows that companies with winning business models collect and integrate customer value information into decision-making processes. To be effective, companies should analyze value proposition, targeting, and delivery separately. This approach helps companies generate higher revenue, profit, and customer satisfaction.