This webinar discussed developing business model portfolios with three levels or types of business models. The webinar was hosted by Chris Rangen and featured special guest Rita McGrath. They discussed why companies should think in terms of business model portfolios to manage uncertainty, develop new profit engines, derisk new ventures, and create new value. Developing business model portfolios requires external orientation, curiosity, agility, new strategy tools, and courage to invest and experiment. The webinar provided tools for large-scale innovation and transformation.