Tools + Resources
Business model innovations have already reshaped entire industries and redistributed billions of dollars of value. In retail, discounters like Target, Wal-Mart, and Amazon that entered the market with innovative business models now account for fully 76% of the total industry market capitalization, having seized more than $300 billion of value. Low-fare U.S. discount and regional airlines have grown from a blip on the radar screen to 55% of the market value of all carriers. More than half of the 26 companies founded in the last quarter century that have entered the Fortune 500 in the 10 years before the current recession did so through business model innovation. Will your company be next?