Business Model Transformation and Innovation

Explore the fascinating world of business model transformation and innovation in this Stanford webinar featuring Professor Haim Mendelson and Fung Group executive Dr. Leonard Lane. Delve into the success story of The Fung Group, a century-old company that has thrived by continuously adapting its business model to changing market conditions. Discover how this behind-the-scenes orchestrator of global supply chains has remained relevant in the retail industry for over 100 years. Learn about the company's innovative approaches, including the Explorium concept, consumer experience experiments, and their asset-light strategy. Gain insights into the challenges faced by established companies in business model discovery and the importance of continuous innovation. Understand the key factors that contribute to long-term success in the ever-evolving business landscape. Benefit from the audience Q&A session, addressing topics such as essential leadership traits, failure analysis, and maintaining supply chain visibility. This 52-minute webinar offers valuable lessons for both startups and established companies seeking to transform their business models and drive innovation in today's competitive market.