Business changes can be triggered by many different causes. Beforehand it is impossible to know what kind of a business change is optimal but if there is no proper response right in the beginning that typically leads to major problems later on. What is your response when in your company or organization a business change is triggered?
Customer Change
Customer change is a change suggested/done by your important customer that indicates that you have to make a major business change
Applications
- To respond to a change that is yet on planning
- To collaborate while a change is implemented
Competition Change
New competitors or major changes done by existing competitors can lead to a need for a major business change
Applications
- Anticipating coming changes to your current business
- Adjusting your business to changed competitive situation
Strategy Change
New strategies often lead to a need to do a major business change.
Applications
- In preparation of a new strategy to explore different business opportunities
- After strategy crafting to create a more effective implementation
Business Model Change
Business model change is a major business change for any company.
Applications
- To explore business model opportunities
- To test applicability of a specific model
- To help in implementing a new model
Technology Change
Technology change (eg. digitalization) leads often to major business change
Application
- To anticipate what kind of business outcomes the change will have
- New business opportunities created by a technology are explored
- Implementation is given a business emphasis
Legislation Change
New legislation can have a major effect on your business forcing you to major business changes
Applications
- Anticipating the business changes caused by new legislation
- Adjusting your business to new legislation
Market Change
When you aim to go (eg. export, franchising, subsidiary, internal units abroad) to new markets that have different culture you need to be prepared to major business changes.
Applications
- To explore how new markets differ from your current ones
- To assist in implementing business to a new location
Collaboration Change
In any collaboration there are from time-to-time moments when major business changes are needed to secure further growth
Applications
- To explore how collaboration should be changed
- To accelerate change to new business in collaboration
M&A Change
Especially in a friendly M&A there are often targets that require major business changes based on mutual understanding
Applications
- To explore M&A potential on concrete business level
- To accelerate integration phase of businesses
Cross-Industry Changes
Business change can be based on a move to a new industry by a company or an organization
Applications
- To explore how new industry differs from your current one
- To assist in implementing business to a new industry
Collapreneurship
Collaboration can be based on existing resources or capabilities but make a change that goes beyond current businesses and requires entrepreneurial spirit
Applications
- To explore new more radical collaboration opportunities
- To assist in implementing new level of collaboration
Inventions
Part of the inventions require a business change to become commercially successful
Applications
- To explore the business change needed by an invention
- To assist in implementing a business change that is needed
