The Next Wave of Business Models in Emerging Asia
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Asia is experiencing significant economic growth driven by two waves of business model innovation: the first replicates existing models at lower costs, while the second introduces novel approaches through partnerships and ecosystems. Companies must assess disruption risks and innovate their business models, often requiring them to operate outside their core structures. Successful adaptation and frequent pivots in strategy are essential for businesses to thrive in the competitive landscape.
The Next Wave of Business Models in Emerging Asia
- 1. THENEXTOF BUSINESS MODELS IN EMERGING ASIA WAVE
- 2. Asher Devang Christian Kruse Andy Parker Pontus Siren The authors The full research article with case studies is available at MIT Sloan Management Review
- 3. Asia is the fastest growing economic region in the world
- 4. that have been driven its growth and evolving two wavesof business model
- 5. The First Wave is based on the replication of existing business models at lower cost
- 6. and the emerging Second Wave is driven by novel business models
- 9. and identify creative ways of orchestrating partnerships and ecosystems
- 10. Opportunities Challenges The Second Wave creates
- 11. To assess the opportunities and threats, companies have to address
- 12. To what degree is your business at risk? 1
- 13. Not all industries face imminent disruption
- 14. Companies should scan for early indicators of disruption
- 15. Companies should scan for early indicators of disruption policy change New VC trends new entrants
- 16. How can others do what you are doing, differently? 2
- 17. Businesses have to reimagine themselves and to develop new business model
- 18. innovation programs operating along venture capital lines will be efficient ways to develop new business model
- 19. How can you test and scale a new business model? 3
- 20. Successful new business models typically pivot several times before finding the right path
- 21. The execution team should be operating outside the core business
- 22. with sponsorship from senior leaders,
- 23. test and refine their new business models in a rigorous and structure way
- 24. To Sum
- 25. Fierce competition is forcing Asian companies to increasingly embrace business model innovation
- 26. The future belongs to those that can adapt quickly
- 27. www.innodiary.org - available at app store -