Reimagining your business model creates creativity and opportunities.
After immediate steps to securing a business during a crisis have been taken, Telescope sits down with the client’s management team to discuss the learnings we take away from this event. Since every crisis brings new opportunities, too, we begin to re-evaluate the existing business model of the client from sourcing of raw materials until customer delivery. We believe, that is is paramount to understand the weaknesses of the existing structures in order to imagine a business model for the firm which will prove more resilient in the next downturn.
Which opportunities can we take advantage of in terms of digitization of processes? How can we make our business less dependent on personal customer interactions? How can we develop a more balances sales and production footprint, both in terms of industries and regions? Can we partner with start-ups in order to quickly change the way our business model works? Can we adapt the revenue models and streams to decrease vulnerability to short term liquidity constraints of our customers?
Today’s successful business models may not work anymore tomorrow. Constant change and increasing speed of market developments will create the need for us to reimagine our business models. Let’s make use of this opportunity, today!