Abstract
The business model concept offers strategists a fresh way to consider their options in uncertain, fast-moving and unpredictable environments. In contrast to conventional assumptions, recognizing that more new business models are both feasible and actionable than ever before is creating unprecedented opportunities for today's organizations. However, unlike conventional strategies that emphasize analysis, strategies that aim to discover and exploit new models must engage in significant experimentation and learning - a 'discovery driven,' rather than analytical approach.
Original language | English |
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Pages (from-to) | 247-261 |
Number of pages | 15 |
Journal | Long Range Planning |
Volume | 43 |
Issue number | 2-3 |
DOIs | |
Publication status | Published - Apr 2010 |
ASJC Scopus Subject Areas
- Geography, Planning and Development
- Finance
- Strategy and Management
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McGrath, R. G. (2010). Business models: A discovery driven approach. Long Range Planning, 43(2-3), 247-261. https://doi.org/10.1016/j.lrp.2009.07.005