_____ innovation reframes an established value proposition to the customer or a company's established role in the value chain,or both.
A) Business model
B) Structural
C) Process
D) Product

Question

Quizplus · Accepted Answer

An innovation that reframes an established value proposition to the customer or a company's established role in the value chain is related to the business model innovation. Business model innovation means creating new or modifying existing business models to deliver significant new value to customers or a company's role in the value chain. It often changes how a company generates revenue, manages costs, and delivers value to customers. In contrast, structural innovation relates to organizational structure, processes to how work is done, and product innovation relates to new or improved products or solutions.

_____ Innovation Reframes an Established Value Proposition to the Customer