They face the challenge of reinventing themselves and renewing their business model. How do you get good ideas to develop a new business model or to strengthen existing business models? Make smart use of proven elements Most successful new business models are not as new as we initially think. Research conduct by St. Gallen University has shown that % of all successful business model innovations of the past years are a new combination of existing elements. What is innovative is that you understand, translate, recombine and apply the ‘patterns’ from successful business models within your own sector. Why reinvent the wheel yourself? Be inspir by the patterns from another business model and take advantage of them.

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Use the insights to design better, more resilient business models for your company. patterns that inspire you To clarify what patterns are in a business model and to Cyprus Phone Number inspire you, here are examples. In each example I describe what the pattern is and what the possible advantages and disadvantages are. Inspiring examples are also given of companies that have integrat the pattern into their business model. . Bundle loose elements Make buying more easy for the customer by packing relat products together. Advantages: A way to entice customers to purchase more. Possibility to personalize offer for specific target groups.

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This Way The Customer Can Make

Making buying more easier because the buyer has to make fewer considerations. Well-compos bundles ensure that more value is creat for the customer. Challenges A strong focus on the purchase of a bundle can come across as too commercial. When using a price discount, a piece of margin is Consumer Lead given away. Sample Bundle: Philips Hue starter pack with Google Home bundle Anyone considering purchasing a Google Home will probably also find it interesting to control the lights via the Google Assistant. All these parts separately are quite expensive. The Google Home Mini, the Philips Hue Bridge and then the Philips Hue lamps.

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