Your business model needs to be able to adapt when your assumptions are wrong.

A lean business model is an approach to business development that focuses on creating value for the customer while minimizing waste within the organization. This model derives its core principles from ...

What separates a fleeting business idea from a thriving enterprise? The answer often lies in the business model—the foundation upon which every company is built. Yet, not all business models are ...

Aric Press describes how Trevor Faure, global leader for legal services at Ernst & Young, came to develop his "Smarter Business Development Model" for law firms, which identifies six traits ...

As companies look to scale their brands without sacrificing control or taking on excessive capital risk, franchising serves as a highly strategic path to expansion. Franchising goes beyond a legal or ...

Trevor Faure has looked at law firm business development from both sides. As European general counsel at Tyco and then Ernst & Young's global general counsel, he received countless undifferentiated ...

Citizen development has revolutionized the way organizations build applications and solutions by empowering business users to take an active role in the development process. However, to ensure ...

Product development has a problem. To drive greater efficiencies and higher quality for downstream consumers, organizations have asked product development to adopt model-based definition. This is ...

The freemium business model is an economic strategy where a company offers basic services, or a subset of its product features, for free while charging a premium for advanced features, functionality, ...