Living Supply Chains: How to Mobilize the Enterprise Around Delivering What Your Customers Want

Chapter 9. New business models for new supply chains: The miracle of ‘embedded alignment’

A‘business model’ is simply the way an enterprise organizes itself to make money. It’s the core logic for how your business creates value in a sustainable way. New business models are just that – new and often innovative ways of organizing the enterprise to make money. Can you think of a genuinely new business model? Today they come in both formal and informal arrangements. Perhaps the best known are the models nurtured in industry clusters identified by Michael Porter.^[1] Examples include information technology in Silicon Valley and biotechnology at nine locations across the United States. Other examples include banking in Switzerland and movie production ...