One of the core beliefs of the Modern Business Model is that meaningful changes in your operating playbook can happen right now. In today's show, Barry Libert, the author of The Network Effect, walks us through the ways your company can start implementing the foundational thinking of the Modern Business Model across your entire organization.
In the first episode of a perpetual, startup focused series, Barry Libert talks about the first three things every founder must consider when building your company. Even if you've already started.
Any startup, or legacy company, that wants to achieve the type of exponential value assosiated with Modern Business Models can. But it starts with aligning your organization’s strategy with today’s winners and their forward-thinking approach to business model design.
From your BHAG to market opportunities, Lanham Napier and Barry Libert disucss the ten things you should consider building into your company's vision.
No industry is immune from platforms or MBMs and their competitive advantages. But platforms are just a pit stop on the way to building a Modern Business Model. And no leader can afford to not put the customer at the center of their business, and figure out how to provide customers: What they want. When they want it. And where they want it.
X-Mode is a fast growing company. Their CEO discusses how they're growing fast while at the same time, providing a much more textured experience for both their customers and employes.
Where do financial and operational advantages come from? It’s simple. Platforms enable the MBM to serve customers and suppliers better than any business model that’s preceded them. And for good reason. They offer ultimate choice, convenience and pricing transparency to each and over part of the network that joins the platform.
The asset-heavy corporate behemoths that used to be at the top of everybody’s most admired lists are now old-fashioned, slow moving, and inflexible. It’s becoming clear that the assets of yesterday are quickly becoming the liabilities of today. Said differently, new business models, especially, modern business models, focus their energy around metrics that remove business friction and create exponential growth and value.
Your network is only as good as the value you facilitate. To best serve your customers, you need to provide the best solutions which, of course, relies on the contentment of your suppliers.