Now’s the time to analyze your business model

How are you and your organization doing amid the coronavirus pandemic? It’s a difficult time for us all as we change the way we do business and live. While the crisis has cast a bleak economic outlook, opportunities remain to continue providing value to your employees, members/customers, and stakeholders.

In a new post on Harvard Business Review, Copenhagen Business School’s Thomas Ritter and Carsten Lund Pedersen explain their framework to help leaders analyze their business models to address risks and opportunities presented by a crisis.

There are four core dimensions for leaders to review:

• Customers/members: Good companies and leaders understand their members’/customers’ wants and needs. During the pandemic, consider which of your products and services will see more or less demand, and how you can effectively get them to your members/customers.

 

continue reading »