Hasta La Ideas

pimg alt=”report.jpg” src=”http://www.core77.com/blog/images/report.jpg” width=”212″ height=”239″ class=”mt-image-none” style=”” //p

pTerry Back, Partner at a href=”http://www.grant-thornton.co.uk/”Grant Thornton/a shared some new research with our audience. Conducted over the last six months, in conduction with the a href=”http://www.economist.com/”Economist/a, the research surveyed 450 top executives from UK and Irish companies about their business models. /p

pstrongHow resilient has your business model been in recent downturn?/strongbr /
ulbr /
liExtreme resilient 21%/libr /
liModerately resilient 64/libr /
liNot very resilient 12%/libr /
liNot at all resilient 4%/libr /
/ul/p

pstrongThe current assumptions within our business model need to be overhauled as result of the recent recession?/strongbr /
ulbr /
liStrongly agree 8%/libr /
liAgree 26%/libr /
liDisagree 51%/libr /
liStrong disagree 12%/libr /
liDon’t know 3%/libr /
/ul/p

pstrongWhich of following ares is the highest priority for your business model over next 18 months?/strongbr /
ulbr /
liDistribution channel 8%/libr /
liTarget markets 16%/libr /
liValue proposition 44%/libr /
liCost structure 6%/libr /
liRevenue generation 26/libr /
/ul/p

pstrongThe key findings from the research are:/strongbr /
ulbr /
liBiz model changes primarily cost-centred and left many companies unready for future/libr /
liBy concentrating on cost companies may miss opportunities to be more innovative/libr /
liExecutives are pessimistic about a return to growth/libr /
liComplacency is preventing more widespread biz model innovation (85% believe their biz model doesn’t need changing in next 18 months/libr /
/ul/p

pstrongThrough the research six distinct types of minds sets were identified:/strong/p

pemNegative mindsets/embr /
ulbr /
liHeads in sand 10% /libr /
liFighting the last war 25%/libr /
liBest before 18%/libr /
liHitting the panic 10%/libr /
/ul/p

pemPositive mindsets/embr /
ulbr /
liAhead of curve 19%/libr /
liMoving to the margins (intent on improving their margins) 18% /libr /
/ul/p

pDuring the interactive voting at the conference people were generally more optimistic about the future but also more realistic in that they felt that a pressing requirement to review business models./p

pThe full report a href=”http://www.grant-thornton.co.uk/thinking/innovation/index.php/downloads”emRetrench or refresh? Do existing business models still deliver the goods?/em/a can be downloaded from the Grant Thornton website (free registration required)/pa href=”http://www.core77.com/blog/events/the_big_rethink_how_companies_are_changing_16150.asp”(more…)/a
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