MGMT20132 - Business Model Disruption and Innovation Analysis

This essay provides a literature review of business model innovation and disruption, analyzing opportunities and threats for the Commonwealth Bank (CBA) concerning smart connected products. It uses the business model framework by Osterwalder and Pigneur (2010) to analyze business models, focusing on value proposition and profit formula. The analysis references various sources, including academic journals and CBA's own publications, to explore themes such as knowledge management, disruption handling, and the future of payments. The essay also touches upon internal and external sources of innovation, creativity, and the importance of innovation networks, leadership, and organizational climate in fostering innovation.

Innovation and Sustainable Business Development

Business model and disruption (literature review)

Analysis of the opportunities and threats of Commonwealth Bank with
respect to the smart connected products

The business model framework according to Osterwalder and
Pigneur (2010)

Analysis of business models
Business model as a value
proposition-
Business model as profit formula-

Reference
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Chesbrough, H. (2010). Business model innovation: opportunities and barriers. Long range planning, 43(2-3), 354-363.
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