The World Economic Forum has created a Digital Business Model Assessment tool to guide executives to adopt a fit-for-purpose digital business model.
Here is the introduction:
Why Digital Business Models Matter more than ever before:
COVID-19 has dramatically shifted business and society. We have had to learn how to live differently – to work, learn, socialize, shop, and collaborate in different ways – and many of us are doing all this virtually. Never have we been so aware of our dependence on digital models, and we are not going back. Among the many trends that COVID-19 has accelerated, two stand out: Marketplaces are indicating that companies must adopt digital business models to compete, and calls are rising for companies to lead in addressing societal challenges.
Digital technology offers the potential to create new value for all stakeholders while making business models more inclusive, sustainable, and trustworthy. To realize this potential, companies will have to determine where new value exists, which business models will capture it, and which capabilities will support the adaptability and resilience that these business models require. This tool offers a guide for executives to adopt a fit-for-purpose digital business model.