About a year ago the BMI Lab posted a very interesting blog post. We would like to reproduce this in excerpts below. A business model consists of four dimensions: (WHO) is the target customer and what his/her needs, (WHAT) is the value proposition and with the help of which products and services is it generated, [...]
For years, insurers have worked on improving customer experiences and on the necessary sales and marketing channels. Derived from this, the internal provision of services is also “available”. […]
For a long time, reskilling and upskilling were mainly used in Anglo-Saxon corporate cultures and tech circles. In the past 18 months or so, they became common. Various specialist magazines dealt with this in detail over the past few months: Upskilling and reskilling stand for forward-looking, systematic forms of further training. They are gaining in [...]
The pandemic has changed a lot – some accelerated and unfortunately brought a lot to a complete standstill. Numerous companies have used the last few months to fine-tune their business model and strategy. They are currently working intensively on anchoring the MVV statement (mission, vision, values) and strategic goals and driving forward strategy execution. [...]
An important aspect of business models are processes or more specifically supply chains, which, according to Porter, are “a collection of operations, through which a product is designed, produced, distributed, delivered and supported”. In the end, it is about upholding a value proposition! […]
Up until now, a change of established business models has happened only slowly, but increasingly the pressure on insurers grows (part 1: customer journey; part 2: data-driven business models): the present business model is a phase-out model! Technological trends and developments, which the study “Assekuranz 4.0” calls the digital triangle, are the drivers for the [...]
This blog entry concerns itself with the impact of the digital transformation on business models in general and the role of data specifically. I will discuss the meaning of a data-driven business model, the benefits of the implementation of one and the obstacles one has to overcome in the process. […]
There are a number of success factors for a successful strategy execution: corporate culture, leadership, communication and binding process along so-called disciplines are just a few of them. In connection with a changed or even new business model, the question of core competencies always arises. […]
In general, corporate culture is understood to be a system of shared patterns of thinking, feeling and acting as well as the norms, values and symbols that convey them within a company. […]
Cause-and-effect relationships are helpful when it comes to understanding relationships in a company and getting a grip on complexity with the help of key influencing factors. With all the variety that can be there; an “axis” is stable: A compelling place to work (employee focus) – a compelling place to shop (customer focus) – a [...]
