IF IT AIN’T BROKE DO (NOT) FIX:
USING UNIQUE BUSINESS MODELS TO MANAGE
CHANGE IN A CHANGING ENVIRONMENT
Prof. Waswa Balunywa
Principal, MUBS
1st Annual International Conference on T&M
UTAMU
FORMAT
1. If it ain’t broke, do not fix it
2. What is changing
3. Managing change with Business models
4. Some successful business models
5. How unique models are crafted
6. Conditions for entrepreneurial management
7. The way ahead
IF IT AIN’T BROKE, DO NOT FIX IT
 Popularized by Bert Lance an American
businessman.
 It meant if things are working well, there is no need
to worry about them
 Meaning this is a successful product
 True, successful products should be supported
 However, not in a changing environment
 This is the paradox of if it is successful, it is
obsolete.
WHAT IS CHANGING?
 Everything is changing
 Economies,
 Politics
 Demographics
 Culture
 Technology
 Organisations
 People
EVIDENCE OF THE CHANGE
 The internet
 Mobile phone
 Mobile money
 Same sex marriage
 Single parent families
 Endoscopic surgery
 The pill
MANAGING CHANGE WITH BUSINESS
MODELS
 Change is inevitable
 Change is anything new or different, thus innovation
 Change must be adopted to or orchestrated
 This can been done through unique Business Models (BM)
 BM is how an organisation creates and delivers value to its customers
 Its a strategy that creates unique products
 They define a whole industry
SOME SUCCESSFUL BUSINESS MODELS
 Those that stand out in the industry
 Offer unique products or services
 Distinguish themselves from others
 They redefine an industry
EXAMPLES OF UNIQUE BUSINESS MODELS
Mc Donald’s Restaurant
Walmart
E Bay
Amazon
Starbucks
Apple
Local examples
Red Pepper
Bukedde TV
MUBS
EXAMPLES OF LOCAL UNIQUE BUSINESS MODELS
Red Pepper
 A newspaper like any other
 Established in an industry already operating
 But hit the street with a unique business offer
 Exploited sex as a basis for sale
EXAMPLES OF LOCAL UNIQUE BUSINESS MODELS
Bukedde TV
 A Luganda news television
 Established in an industry dominated by several televisions like NTV,
WBS, NBS and DSTV
 Exploited Luganda as a local language
 Deals with only day to day issues that concern people
 Availed cameras to agents across Luganda speaking areas
 Took advantage of Luganda as a language spoken in Uganda
 Avoided politics
HOW UNIQUE BUSINESS MODELS ARE CREATED
 Through creativity and innovation
 Taking advantage of technology
 Creating and managing Change
 Thinking differently
 Being curious all the time
 Having a burning desire to improve
 Seeing the big picture
CONDITIONS FOR ENTREPRENEURIAL
MANAGEMENT
 Unique business models are innovations
 Innovation is a specific function of an entrepreneur
 Entrepreneurs have a compelling desire to achieve or succeed.
 They hate stability
 Dream
 A compelling desire to achieve
OBSTACLES TO CREATIVITY AND INNOVATION-
THINGS THAT PREVENT CHANGE
 Be practical
 I am not a creative person
 Follow all the rules
 Don’t be foolish
 To make a mistake is wrong
 Avoid ambiguity
 That is not logical
 I cannot do that
 That is not the right answer.
WAY FORWARD
 Change is inevitable
 It has to be adapted or orchestrated
 This requires an entrepreneurial mind which is
creative and innovative
 Organisations must be innovative and change
oriented to survive and succeed
 Organisations that do not change, will perish
 Except government units, government never dies
 Be entrepreneurial; change or perish
VISIT THE CHANGE ORCHESTRATION PAGE
https://www.facebook.com/thechangemvt?ref=hl

More Related Content

PPT
Innovations and innovation myths
PDF
Process orientation – the use in marketing Challenges | Methods | Solutions
PPTX
Disruptive technologies new
PPTX
Making a Winning Presentation
PPTX
TVETs as Extension Service Providers
PPTX
Promotion of Women Empowerment Though Internet Usage. A Critical Review
PPTX
Effective board performance
PPTX
The last lecture
Innovations and innovation myths
Process orientation – the use in marketing Challenges | Methods | Solutions
Disruptive technologies new
Making a Winning Presentation
TVETs as Extension Service Providers
Promotion of Women Empowerment Though Internet Usage. A Critical Review
Effective board performance
The last lecture

Similar to If It Ain’t Broke Do (Not) Fix: Using Unique Business models to Manage Change in a Changing Environment (20)

PPT
Econ Dev Presentation Ocma 02 25 09
PPTX
Innovative Business Model
PDF
The most admired women leaders in business 2021vol 1
PDF
Lean Enterprise: How Big Companies can Innovate like Startups
PDF
CHAPTER-1-INTRO (1).pdf Practical research 2
PDF
Caring For The Innovator, Caring For Innovation Powerpoint For Dnp Course
PDF
How to build a valuable business with innovation
PPTX
Empowerment through Enterprise, Module 1 - first steps to self employment
PPT
Econ Dev Presentation Apa 04 11 10
PPTX
Implementing change in an organisation
PPT
Revolutionary empowerment Monash University presentation
PDF
Jenny Vandyke Speaker's Kit
PPTX
Entrepreneurship
PDF
Bamboo Innovator TMT Workshop (Brochure)
PPTX
CultureChangeMadeSimple
PDF
Y2B Delegate Output
PDF
Interim Marketing Management
PDF
Paul polman UNILEVER CEO
PDF
6 Questions to Ask Before Implementing Change in Organizations
PDF
Globalvs local
Econ Dev Presentation Ocma 02 25 09
Innovative Business Model
The most admired women leaders in business 2021vol 1
Lean Enterprise: How Big Companies can Innovate like Startups
CHAPTER-1-INTRO (1).pdf Practical research 2
Caring For The Innovator, Caring For Innovation Powerpoint For Dnp Course
How to build a valuable business with innovation
Empowerment through Enterprise, Module 1 - first steps to self employment
Econ Dev Presentation Apa 04 11 10
Implementing change in an organisation
Revolutionary empowerment Monash University presentation
Jenny Vandyke Speaker's Kit
Entrepreneurship
Bamboo Innovator TMT Workshop (Brochure)
CultureChangeMadeSimple
Y2B Delegate Output
Interim Marketing Management
Paul polman UNILEVER CEO
6 Questions to Ask Before Implementing Change in Organizations
Globalvs local
Ad

If It Ain’t Broke Do (Not) Fix: Using Unique Business models to Manage Change in a Changing Environment

  • 1. IF IT AIN’T BROKE DO (NOT) FIX: USING UNIQUE BUSINESS MODELS TO MANAGE CHANGE IN A CHANGING ENVIRONMENT Prof. Waswa Balunywa Principal, MUBS 1st Annual International Conference on T&M UTAMU
  • 2. FORMAT 1. If it ain’t broke, do not fix it 2. What is changing 3. Managing change with Business models 4. Some successful business models 5. How unique models are crafted 6. Conditions for entrepreneurial management 7. The way ahead
  • 3. IF IT AIN’T BROKE, DO NOT FIX IT  Popularized by Bert Lance an American businessman.  It meant if things are working well, there is no need to worry about them  Meaning this is a successful product  True, successful products should be supported  However, not in a changing environment  This is the paradox of if it is successful, it is obsolete.
  • 4. WHAT IS CHANGING?  Everything is changing  Economies,  Politics  Demographics  Culture  Technology  Organisations  People
  • 5. EVIDENCE OF THE CHANGE  The internet  Mobile phone  Mobile money  Same sex marriage  Single parent families  Endoscopic surgery  The pill
  • 6. MANAGING CHANGE WITH BUSINESS MODELS  Change is inevitable  Change is anything new or different, thus innovation  Change must be adopted to or orchestrated  This can been done through unique Business Models (BM)  BM is how an organisation creates and delivers value to its customers  Its a strategy that creates unique products  They define a whole industry
  • 7. SOME SUCCESSFUL BUSINESS MODELS  Those that stand out in the industry  Offer unique products or services  Distinguish themselves from others  They redefine an industry
  • 8. EXAMPLES OF UNIQUE BUSINESS MODELS Mc Donald’s Restaurant Walmart E Bay Amazon Starbucks Apple Local examples Red Pepper Bukedde TV MUBS
  • 9. EXAMPLES OF LOCAL UNIQUE BUSINESS MODELS Red Pepper  A newspaper like any other  Established in an industry already operating  But hit the street with a unique business offer  Exploited sex as a basis for sale
  • 10. EXAMPLES OF LOCAL UNIQUE BUSINESS MODELS Bukedde TV  A Luganda news television  Established in an industry dominated by several televisions like NTV, WBS, NBS and DSTV  Exploited Luganda as a local language  Deals with only day to day issues that concern people  Availed cameras to agents across Luganda speaking areas  Took advantage of Luganda as a language spoken in Uganda  Avoided politics
  • 11. HOW UNIQUE BUSINESS MODELS ARE CREATED  Through creativity and innovation  Taking advantage of technology  Creating and managing Change  Thinking differently  Being curious all the time  Having a burning desire to improve  Seeing the big picture
  • 12. CONDITIONS FOR ENTREPRENEURIAL MANAGEMENT  Unique business models are innovations  Innovation is a specific function of an entrepreneur  Entrepreneurs have a compelling desire to achieve or succeed.  They hate stability  Dream  A compelling desire to achieve
  • 13. OBSTACLES TO CREATIVITY AND INNOVATION- THINGS THAT PREVENT CHANGE  Be practical  I am not a creative person  Follow all the rules  Don’t be foolish  To make a mistake is wrong  Avoid ambiguity  That is not logical  I cannot do that  That is not the right answer.
  • 14. WAY FORWARD  Change is inevitable  It has to be adapted or orchestrated  This requires an entrepreneurial mind which is creative and innovative  Organisations must be innovative and change oriented to survive and succeed  Organisations that do not change, will perish  Except government units, government never dies  Be entrepreneurial; change or perish
  • 15. VISIT THE CHANGE ORCHESTRATION PAGE https://www.facebook.com/thechangemvt?ref=hl