Business Model Innovation
The Business 2 Community website noted that innovation at the level of the business model is innovation that helps create new markets and value networks, eventually displacing existing markets and value networks. This transformation has traditionally taken many years to play out but that is changing, and changing fast. What we are witnessing today is something of a Cambrian explosion of business model innovation that is changing not just how the game is played but the game itself. New technologies are eroding boundaries between industries and markets that were once considered distinct. In the process, new entrants are creating wealth on an unprecedented scale.