Infographic: The right strategy for your organization

Should you make your existing business model better, or should you completely transform it? Here is a decision tool to determine the right strategy for your organization.

First question: Is your current business model capable of delivering on your vision?

If you answer “yes:” Focus on sustaining innovations for now and monitor the environment for signs of disruption.

If you answer “no:” You must choose your strategy.

Second question—choose your strategy: Does your profit formula or value proposition need to change to achieve your vision and goals?

If you answer “no:” Improve your model. Fit in new efforts by altering modular resources and processes.

If you answer “yes:” Transform your model.

Third question—transform your model: Do you have multiple years of viability remaining in your current business model?

If you answer “no:” Buy or partner to transform your model to one with different resources, processes, and priorities.

If you answer “yes:”  Build a new model with different resources, processes, and priorities.

Learn more: www.christenseneninstitute.org/theory/business-models