256: Creating A New Business Model

In the dynamic world of retail, identifying fresh opportunities is pivotal to stay ahead. Bain forecast that new business models will make up a sizeable portion of the future of retail. But, there are many avenues open to you and it's critical to consider the different strategies and leverage your unique assets appropriately. Additionally, the new business model will require a tailored operational model that dovetails into the existing ways of working, and new priorities must be balanced against the core business needs. This episode unravels the intricacies of creating a new business model, so dive in with Oliver Banks to redefine what's possible for your retail organisation. Listen to this episode to hear:How to discover the right opportunity and how this will impact the core business. The complexities of crafting a new operational model while maintaining synergy with the core business.The importance of prioritising, especially when new opportunities challenge established strategic goals.Show notes are at www.obandco.uk/256.