If It Ain’t Broke Do (Not) Fix:Using Unique Business models to Manage Change in a Changing Environment
1. IF IT AIN’T BROKE DO (NOT) FIX:
USING UNIQUE BUSINESS MODELS TO MANAGE
CHANGE IN A CHANGING ENVIRONMENT
Prof. Waswa Balunywa
Principal, MUBS
1st Annual International Conference on T&M
UTAMU
2. FORMAT
1. If it ain’t broke, do not fix it
2. What is changing
3. Managing change with Business models
4. Some successful business models
5. How unique models are crafted
6. Conditions for entrepreneurial management
7. The way ahead
3. IF IT AIN’T BROKE, DO NOT FIX IT
Popularized by Bert Lance an American
businessman.
It meant if things are working well, there is no need
to worry about them
Meaning this is a successful product
True, successful products should be supported
However, not in a changing environment
This is the paradox of if it is successful, it is
obsolete.
4. WHAT IS CHANGING?
Everything is changing
Economies,
Politics
Demographics
Culture
Technology
Organisations
People
5. EVIDENCE OF THE CHANGE
The internet
Mobile phone
Mobile money
Same sex marriage
Single parent families
Endoscopic surgery
The pill
6. MANAGING CHANGE WITH BUSINESS
MODELS
Change is inevitable
Change is anything new or different, thus innovation
Change must be adopted to or orchestrated
This can been done through unique Business Models (BM)
BM is how an organisation creates and delivers value to its customers
Its a strategy that creates unique products
They define a whole industry
7. SOME SUCCESSFUL BUSINESS MODELS
Those that stand out in the industry
Offer unique products or services
Distinguish themselves from others
They redefine an industry
8. EXAMPLES OF UNIQUE BUSINESS MODELS
Mc Donald’s Restaurant
Walmart
E Bay
Amazon
Starbucks
Apple
Local examples
Red Pepper
Bukedde TV
MUBS
9. EXAMPLES OF LOCAL UNIQUE BUSINESS MODELS
Red Pepper
A newspaper like any other
Established in an industry already operating
But hit the street with a unique business offer
Exploited sex as a basis for sale
10. EXAMPLES OF LOCAL UNIQUE BUSINESS MODELS
Bukedde TV
A Luganda news television
Established in an industry dominated by several televisions like NTV,
WBS, NBS and DSTV
Exploited Luganda as a local language
Deals with only day to day issues that concern people
Availed cameras to agents across Luganda speaking areas
Took advantage of Luganda as a language spoken in Uganda
Avoided politics
11. HOW UNIQUE BUSINESS MODELS ARE CREATED
Through creativity and innovation
Taking advantage of technology
Creating and managing Change
Thinking differently
Being curious all the time
Having a burning desire to improve
Seeing the big picture
12. CONDITIONS FOR ENTREPRENEURIAL
MANAGEMENT
Unique business models are innovations
Innovation is a specific function of an entrepreneur
Entrepreneurs have a compelling desire to achieve or succeed.
They hate stability
Dream
A compelling desire to achieve
13. OBSTACLES TO CREATIVITY AND INNOVATION-
THINGS THAT PREVENT CHANGE
Be practical
I am not a creative person
Follow all the rules
Don’t be foolish
To make a mistake is wrong
Avoid ambiguity
That is not logical
I cannot do that
That is not the right answer.
14. WAY FORWARD
Change is inevitable
It has to be adapted or orchestrated
This requires an entrepreneurial mind which is
creative and innovative
Organisations must be innovative and change
oriented to survive and succeed
Organisations that do not change, will perish
Except government units, government never dies
Be entrepreneurial; change or perish
15. VISIT THE CHANGE ORCHESTRATION PAGE
https://www.facebook.com/thechangemvt?ref=hl