HOW BUSINESS MODEL TRANSFORMATION CONSULTANTS CAN HELP DRIVE GROWTH AND INNOVATION

Business model transformation consultants are expert strategic advisors that help companies reinvent their business model in order to capture new market opportunities or avoid disruption. The business model looks at what value a business creates, for whom, and how it profitably delivers. Business model transformation consultants guide firms through redesigning their core value proposition, revenue streams, operating model and value chain relationships.

The first thing business model transformation consultants do is diagnose why a company’s current business model may no longer be optimized for success and missing market opportunities in the future. This involves performing a competitive and market analysis, investigating vulnerabilities from changes like new technologies or new entrants, and evaluating customer pain points not adequately served. Consultants also aim to understand key company assets and capabilities that could serve as leapfrog advantages in a transformed model.

After that, experts facilitate exploratory sessions to develop and stress test options for reinventing how the business creates value and makes money. Consultants build out multiple future-oriented business model scenarios addressing key uncertainties and push leaders beyond surface level tweaks into bolder reinvention. Pros employ creative design thinking to reimagine the customer experience, align incentives of various stakeholders, and embrace risks. The goal is to identify game-changing moves leapfrogging competitors versus incremental adjustments.

After guiding company leaders to clarify priorities and strategic choices, business model transformation consultants support blueprinting and executing the future model vision. Consultants provide methodologies for innovating new products, services and partnerships, transitioning existing business units, and sequence initiatives for a graceful emergence of the new model. Thought leaders also advise building a culture with the risk tolerance, entrepreneurial spirit and adaptiveness required to operate a reinvented, agile business.

Business model consultants deliver the expertise for incumbents to reinvent themselves before startups make them irrelevant. Advisors provide structure, creative inspiration and confidence for leaders to deliberately design how their company will create value in a new era rather than react as model disruption strikes mid-stream. Bold business model transformation is the ultimate competitive advantage play.