Driving Innovative Business Models through Workforce Planning

The business landscape had fundamentally changed. The speed of competition, non-traditional threats, simultaneous talent scarcity and surplus, economic uncertainty, and ever-increasing globalization has forced organizations to re-examine the way they do business. Organizations are seeking sustainable business models that can serve as a platform for innovation and growth. But these business models are often elusive. For every Amazon, Netflix, or other game-changing business model, there are dozens that either fail to differentiate themselves from the pack or fail altogether. Even when a new business model starts to emerge, existing industry players often have a difficult time understanding its implications and adjusting their own business model to effectively counter that competitive threat.

Developing innovative business models needs to take into account many factors such as the business environment, overall economic conditions, key supply and demand variables, the competitive landscape, and the capabilities of the organization. Effective workforce planning in organizations can be a platform to help organizations understand both how effective their current business model is, as well as what type of business model innovations will help improve the firm’s performance. Just as important, workforce planning can help the organization determine if it has the capabilities required to execute on that business model, and if not, the degree of difficulty associated with building those capabilities.

Participants will learn a process for analyzing business drivers and determining business model issues, as well as how to determine new business model directions through workforce planning. This will include the types of data that needs to be collected, the types of analytics that need to be run, and how the translation between analytics and business models occurs. Methods for engaging key stakeholders in business model development will also be discussed.

Any HR professional, Workforce Planners, Strategic Planners, Strategy Officers, Strategy Analysts

1. The linkage between business models
2. Process for using workforce planning to develop new business models
3. Required data and analytics for business model analysis and development
4. Methods for engaging stakeholders in business model development

• Johnson, Mark W. Seizing the White Space: Business Model Innovation for Growth and Renewal, 2010
• Osterwalder, Alexander. Business Model Generation: A Handbook for Visionaries, Game Changers, and Challengers, 2010
• Harvard Business Review on Rebuilding Your Business Model, 2011
• Kaplan, Saul. The Business Model Innovation Factory: How to Stay Relevant When The World is Changing, 2012
• The Workforce Expert Blog - Click here

		Brian Wilkerson Revolution Advisors LLC View Profile