Do you create an ideocratic or allocentric business model?

Change is nothing new, the speed, impact and scale in fundamental shifts however is breathtaking. Technology, societal expectations and the global market—are undeniably transforming the business landscape today. Business models are being more and more dictated by technology. Creating a customer requires communities and a clever servitization strategy to add both convenience for the customer, create long term customer loyalty, if not advocacy and provide the companies with an additional revenue stream. Whereas volatility, uncertainty, complexity and ambiguity is inevitable in the VUCA environments in which nowadays companies operate. However, these times also uncover new opportunities. Addressing both risks and potential rewards requires strategic thinking, systems approaches, scenario and leverage point analysis to find the right opportunities and avoid or manage risk and it requires courage, confidence and imagination. One factor that has considerable implications for society, the economy, and businesses is the continued rise of “business ecosystems.” Read the full article here: https://buff.ly/4b9psM4