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Rob Olver: Forget evolution! When should you revolutionise your business model?Business Model Transformation: Insights from Rob Olver
In this episode of the #Critical Few Actions to Improve Your Business podcast, host John Downes speaks with Rob Olver, a business leader who specializes in transforming established companies for sustainable growth. Rob shares his unique framework for business model transformation, adapted from startup methodologies, and provides insightful case studies and practical tips. They discuss the challenges and opportunities in transitioning a traditional business model to a more innovative and sustainable one. Learn how to prioritize actions, leverage digital technologies, and make data-driven decisions to stay ahead in your industry.
00:00 Introduction to Business Transformation
00:26 Meet Rob Olver: The 20-Year-Old Startups
01:18 Origins of Business Model Transformation
02:50 The Four Stages of Business Growth
04:21 Challenges and Strategies in Business Innovation
09:27 Case Study: Environmental Fuel Science Company
10:48 Leveraging Government Incentives
22:50 The Importance of Customer Feedback
28:55 Developing a Successful Product Suite
31:28 The Art of Predicting Sales
31:45 Challenges in Data Science Adoption
32:12 The Lean Startup Approach
32:43 Achieving Product-Market Fit
34:50 The Valley of Death for Startups
36:42 Cultural Differences in Business Innovation
38:56 Founder Passion and Business Transformation
43:00 Leveraging Data for Business Growth
46:04 The Role of Technology in Business Reinvention
52:00 The #CriticalFewActions™ to start Business Model Transformation
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