Historians have an envious perch from which to offer a definitive opinion on when a business model started to come apart. For Kodak, the arrival of the first digital cameras for consumers at the end of the 1980s would be such a landmark.
What are the ways you can recognize warnings in real-time that your business is under attack? Business consultant Rita McGrath offers three such signposts in the latest issue of Harvard Business Review. They are:
1. Fewer innovations. The first sign is when next-generation innovations offer smaller and smaller improvements. “If your people have trouble thinking of new ways to enhance your offering, that’s a sign,” McGrath says.
To read the full, original article click on this link: 3 Signs Your Business Model is on Fire | BNET
Author: Sean Silverthorne
