Business Model Innovation for Commonwealth Bank of Australia

Innovation and Business
Development

Introduction
Business model is essential for analysing the
revenue and the profit earned by
organisations
The essay focuses on Commonwealth Bank of
Australia
Commonwealth Bank is the largest bank in
the country established in the year 1911.

Analysis
Commonwealth Bank can ensure that the
business does not change with the application
of the smart connected products
The application of the business canvas model
can help Commonwealth Bank maintain its
reputation in the market and expand its
horizon
Moreover, the bank can offer customer
satisfaction so that it can remain the number
one bank in Australia