Reinvent your business model and meet the future
No company’s future is guaranteed: half of all businesses that exist today won’t be around 10 or 15 years from now. History proves this to be true, and CEOs know it too. In our 2024 Annual Global CEO Survey, 45% of global CEOs (up from 40% in 2023) believe their company will not be viable in 10 years if it stays on its current path.
Today’s pace of change and the influence of converging megatrends – from technological disruption to climate change – mean that how businesses create, deliver, and capture value will need to fundamentally change too. The answer? A business model reinvention that keeps step with what customers want and need, or better still, invents the customer needs of the future.
Business model reinvention: Reimagining value creation
Drive growth with PwC's framework for business model reinvention
Using PwC’s business model reinvention framework, we collaborate closely with organisational leaders to map out a plan that drives towards value creation and growth. Our focus is to use our human-led, tech-powered capabilities to address opportunities to help your organisation reinvent your business model and radically transform how you create, deliver, and capture value. Stop dabbling and make reinvention real.
Zeroing in on the right reinvention
Innovative business models are emerging all the time, putting pressure on organisations to reinvent or risk irrelevance. These six business models are just some of the ways enterprises are reimagining themselves in response to disruption – from changing who they think of as “customers” to shifting their place in the value chain.
Our sector-led business model reinvention specialists help you evaluate and navigate these and other business models to safeguard your company’s future.
- Anything as a service (Xaas)
- Connected physical products
- Digital products
- Ecosystems
- Channel innovation
- Value chain shifts
Anything as a service (Xaas)
What is it? Transforming traditional products to an on-demand, subscription, or consumption-based service.
Example: Storage as a service
Connected physical products
What is it? Physical products equipped with sensors that exchange data with other smart products or platforms.
Example: Diabetes care through wearables
Digital products
What is it? Software-enabled assets that users can interact and transact with.
Example: Digital banks, eBooks
Ecosystems
What is it? Platform for interactions and transactions between multiple stakeholders that collectively creates and shares value
Example: Cloud computing platform created by Amazon Web Services
Channel innovation
What is it? Going direct to customers vs. going through third parties
Example: Embedding insurance in automobile purchase
Value chain shifts
What is it? Offering wide-ranging products and services for an all-encompassing customer journey, vs. a specific segment of the value chain.
Example: Insurance expanding to caregiver space
Business model reinvention issues & insights
From concept to capturing new business value.
Business model reinvention insights
Contact us
Asia Pacific Business Model Reinvention Leader, Partner, PwC Australia
Tel: +61 3 8603 2315