From technology to demography, the global economy is entering a new era. Reappraisal of value proposition, value creation and value capture that make up the essence of business models can open up new opportunities for business to thrive.
New business models can provide better blueprints for creating value, which economies and societies can use to tackle the challenges they face and allow them to flourish.
This report examines six business models and assesses their characteristics and the world in which they operate:
- platform-based
- mass customisation 2.0
- frugal
- modern barter
- 'pay what you want'
- mega-hyperlocal
Each model is examined through the 'Full Stack' - an end-to-end framework to support the understanding and assessment of the value creation potential of business models of the future.
Finally the report examines the role professional accountants play in start-ups and larger organisations seeking to learn from new business models.