Innovate

Innovate

All business models get stale. This doesn’t mean there is anything wrong with a business model that gets stale, it’s simply changing consumer preferences, technology, economics, and other uncontrollable factors.However, if you ignore the innovation of your model, you could end up like Sears, Blockbuster, Borders, the music industry, or countless others who focused too much on running the business and too little on business model innovation.Even Google, Facebook, and Apple are innovating their business models to deal with consumer’s shift from desktops to smart phones. The best business models are always under construction. We have included many tools for you in this section.

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