Business model concept was introduced by Peter Drucker to streamline the strategic thinking process of business planning i-e to differentiate from the competition. No matter, whether intentionally or unintentionally, a business gets itself differentiated by the market. So it is better to do it yourself. It is to decide “what to do and what not to do”.
Here is an excellent reading on the subject. As new technologies are disrupting the established business models, it is need of the hour to intentionally disrupt one’s business model. Peter Drucker advised for such an action after every three years. But technological change is so fast that we can’t wait for such a regulatory effort. One must be on the look out for any sign of disruption and must act quickly to survive. Here is a model that can be used as a spring board for such an activit