Creativity, Innovation and Solutions: Part Two.
It
is true that business creativity and innovation is very important
topic in strategic management and for business organizations and
entrepreneurs, however, there are some loopholes that are found in
this, often referred to as the dark side of creativity. Creativity is
often related to dishonesty, for instance, a person who is very
creative and has been tasked with figuring out how best an
organization can reduce its taxes and costs, will be more creative in
identifying steps to do misreporting and justifying such unethical
behavior, because, they are abler to detect and define what is hidden
from others. (Carson,
Peterson, & Higgins, 2003).
Secondly,
too often that businesses or business owners are made to depend on
already existing, workable and easily doable business models that
creativity and innovation have brought into the business environment.
This on the long will stall the possibilities of breaking fallow or
newer grounds or allowing younger creative thinkers to come to
limelight, especially when the precedence set seems insurmountable
and highly valued and used.
There
are no business models that are out rightly bad because at a time,
such models were working, as such business models do share similar
attributes, often referred to as patterns. These patterns are
unbundling, the long tail, the multi-sided platforms, the free
models, and the open models. (Osterwalder and Pigneur, 2010)
It
is therefore imperative for businesses today, to interpret or
reinterpret their strategy through the lens of business model,
understand the newest trends of business model design and be able to
implement and manage such business models thus created. This is
because it is a process that helps in new product and service
development, expansion and growth possibilities, and how best to
respond to various economic and environmental changes and challenges
over time.
Implementation and Management:
To
design and develop an effective and efficient business model, there
are four main areas of the business environment that must be
considered and such include: key trends, market forces,
macro-economic forces and industry forces. In other to have a
competitive advantage considering these four aspects of the business
environment, businesses and their business models should develop
strategic plans focusing on product innovation, customers'
relationship management and infrastructure management. In the S.W.O.T
analysis of the business model, operation and implementation of
Airbnb, one could see that there are challenging weaknesses and also
strengths in these areas as mentioned in cases of law suits,
unsatisfied lodgers, cases with hosts, to mention but a few.
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