A different kind of business world calls for a different kind of business manual, and that’s what Alex Osterwalder and Yves Pigneur have achieved in their New Age guide to contemporary business modeling. Abetted by their “Business Model Innovation Hub” – with 470 online collaborators in 45 countries – Osterwalder and Pigneur practiced what they preached when they applied their modeling concepts to the book’s production. And the concepts are not just theories: major companies such as IBM and Ericsson are converts to the “Business Model Canvas,” a low-tech template for brainstorming and visualizing corporate roles and processes. The book’s breezy, colorful format, replete with photos, drawings, charts and graphics, belies its intensely researched and reality-grounded content. A big sheet of paper and a slew of Post-it notes are all you need to get started; that, and the combined creativity, intellect and persistence your team brings to the project. getAbstract heartily recommends this comprehensive, pictorial handbook to entrepreneurs and business leaders looking to create or redesign their business models.
In this summary, you will learn
- What the nine elements of a business model are;
- How to use the “Business Model Canvas” to create new enterprises and reinvigorate existing companies, and
- Why proactive companies routinely reassess their business models.
About the Authors
Alex Osterwalder is an author, speaker and adviser on business-model innovation. Yves Pigneur is a professor of management information systems at the University of Lausanne in Switzerland.
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Comment on this summary
5 years agoThis is the gold standard for building models. It is also visually outstanding - one of the best I have ever seen. Easy to read, easy to apply... this is a resource every entrepreneur should have. getAbstract please let us have a summary of the second book Business Model You. Thanks!
6 years agoI read the book and the summary and both are excellent.
8 years agoReality is the watch word of a conscious entrepreneur. Getting information underpinned by on-hands-experience from this book can be a boost for entrepreneurial success.