Business Model Innovation: “Show me the money!”

A lot of companies are working on Innovation despite the financial crisis. Many spend time on generating new ideas and concepts. Few ask themselves the most important question: “Where is the money?”  

Here a movie – imagine yourself being Jerry …

Today I had a meeting with George Steltman. George – former Deloitte consultant – served CFO’s by streamlining their finance function. What he noticed is that CFO’s asks themselves this question too late. They do not look towards the future but they look at the past. They should help their CEO by asking this one question: “Where is the money ?” 

George developed a financial model connected to the business model canvas. Here he identifies costs, revenues and results based on the different scenarios set by clients. “Where can we reduce costs?” “How can we optimize our channels” Where can we find revenue generators?” More to come about this model in the very near future…

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