Stubborn challenges are inherent in attempting to change entrenched business models. Yet, with the right tools, it’s still possible.
To make their attempts successful, and to pursue the appropriate type of business model change, health care leaders must first understand the specific context in which their business model exists. In our recent report, “Improve or transform: Choosing the right business model to deliver health,” we provide a strategy guide to help leaders with this process. It includes three steps leaders should take to determine which strategy is right for their organization. In the full report, we provide detailed guidance on how to execute each of these steps:
- Articulate beliefs about the future, the mission, and the vision
- Map the business model and determine its viability
- Determine the strategy for change while accounting for risk
All the organization’s subsequent efforts will hinge on the choice made in the third step. As a result, it’s critical for leaders to choose the right strategy for their organization. In the infographic below, we provide a decision tool to guide leaders as they determine which business model strategy is right for them.
To provide this personalized advice, the tool takes into account the context and risk considerations outlined in the strategy guide. Additionally, the tool is based on the tenets of business model theory and what has worked—and hasn’t—for leading innovators in the field. Download the tool to start your personalized journey for business model redesign today.Download Tool