Meaning ● Business model innovation, for small and medium-sized businesses, involves fundamentally altering how the organization creates, delivers, and captures value. This process goes beyond incremental improvements, targeting strategic renewal especially vital for SMB growth. Automation provides opportunities to reshape workflows, while successful implementation pivots on integrating new value propositions throughout the existing operations and resources. Essentially, it’s about SMBs rethinking their core assumptions to achieve competitive advantages in a shifting market.
