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Rob Olver: Forget evolution! When should you revolutionise your business model?

Business Model Transformation: Insights from Rob Olver

In this episode of the #Critical Few Actions to Improve Your Business podcast, host John Downes speaks with Rob Olver, a business leader who specializes in transforming established companies for sustainable growth. Rob shares his unique framework for business model transformation, adapted from startup methodologies, and provides insightful case studies and practical tips. They discuss the challenges and opportunities in transitioning a traditional business model to a more innovative and sustainable one. Learn how to prioritize actions, leverage digital technologies, and make data-driven decisions to stay ahead in your industry.

00:00 Introduction to Business Transformation

00:26 Meet Rob Olver: The 20-Year-Old Startups

01:18 Origins of Business Model Transformation

02:50 The Four Stages of Business Growth

04:21 Challenges and Strategies in Business Innovation

09:27 Case Study: Environmental Fuel Science Company

10:48 Leveraging Government Incentives

22:50 The Importance of Customer Feedback

28:55 Developing a Successful Product Suite

31:28 The Art of Predicting Sales

31:45 Challenges in Data Science Adoption

32:12 The Lean Startup Approach

32:43 Achieving Product-Market Fit

34:50 The Valley of Death for Startups

36:42 Cultural Differences in Business Innovation

38:56 Founder Passion and Business Transformation

43:00 Leveraging Data for Business Growth

46:04 The Role of Technology in Business Reinvention

52:00 The #CriticalFewActions™ to start Business Model Transformation

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