Towards new business model innovations
Advisory Services / New Business Models
Creating something new that tackles the modern world’s problems offers many opportunities for unique differentiation and selling points.
Constant pressure to drive change, stay competitive, and grow
Gradual change may not be enough. Today’s world is a technologically diverse, behaviorally complex, and fast-paced environment. For businesses, this means constant pressure to drive change, stay competitive, and grow.
Modern businesses have some fundamental questions to answer: Is their current business model still adequate 10, 20 or 50 years into the future? Does their current level of innovation maximize the ability to drive up shareholder value?
How can creating new be the key to success?
New technologies, globalization, availability of information, and evolving markets create opportunities for companies to drive business innovations. Grasping these opportunities can positively affect the company’s values and thus increase shareholder value. Businesses must explore these opportunities to stay ahead of both the old competition and the agile new startups disrupting the market.
Creating something new that tackles the needs of the modern world offers many opportunities for unique differentiation and distinctive selling points. In the best case, a new business model differentiates a business from its competitors. But to think big, a new business model must enable a company to lead a revolution in its industry or even create an entirely new market.
Therefore, building an entirely new (often digital) business model is not only an opportunity to create a new revenue stream (often with higher profitability). It can also be necessary to make a company “future proof”.
How to create something new?
If innovation investments are made correctly, they can lead to higher shareholder value. To succeed in creating something new, a company should identify and draft potential concepts that consider the company’s strategy, resources, and capabilities.
Fusion Ecosystem companies help clients build upon new opportunities. Our serial entrepreneurs, founders, product managers, and venture designers acknowledge that discovering new opportunities and sources of growth can be daunting given the risk that the investments involve. Hence, Fusion helps clients analyze their unique situations, find relevant opportunities, and realize the possibilities with a clear, confident plan, and the required capabilities.
Business ecosystems are increasingly important drivers of growth, profitability, and resilience in today’s rapidly changing business environment. We help create a business ecosystem that allows businesses to thrive.
New products or services
Building a digital product or service from an idea is complex and requires specialized product leadership know-how. We help navigate the tricky tasks and provide hands-on support in creating new revenue-generating products or services.
Building new companies requires careful planning, including considering the risks involved. In addition to the market risk, organizations must plan the venture's funding paths from incubation to growth stages. Our experienced entrepreneurs can help assess the current situation and help evaluate relevant risks to plan the development of the new company.
What do our customers say?
“Coventures successfully helped us understand customer needs and the market situation to make the necessary go/no-go decisions internally. They also brought certain findings we hadn’t previously considered, which we appreciated. Their active way of working suited us well, where we iteratively went through project findings every week to form our final recommendations together as a team.”
Juha-Pekka Järvenpää, Head of Product, UpCloud
Let’s Get Started Together
View Our New Business Models Companies
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Krosswise is the next generation digital consulting company focusing on the most challenging industries. The company consists of selected industry verticals specialised in the industry-specific customer problems. Data and analytics, process development and transformation advisory form the core of Krosswise's services.
Reaktor is a creative technology partner for forward-thinking organizations and societies. From premium software development to brand experiences and digital transformation, their global community of industry-leading experts does it all. Reaktor's clients are pioneers of digitalization in life sciences, education, retail, media, transportation, finance, and defense, to name a few.
Taival helps organisations succeed with the emerging global trends and new priorities. We help connect the dots between business strategy, sustainability, ecosystems, data, and technology to drive sustainable success for all stakeholders.
Witted builds organizations’ software capabilities and teams. Moreover, Witted offers several different models of work life for developers and has therefore an exceptional ability to provide companies with the most skilled software talent. With Witted software development never fails.