The type of business model that your company relies on can make a significant difference between success and failure. Being immobile or not understanding the underlying currents that affect revenue can often lead to collapse of even the strongest businesses.
Alexander Osterwalder created the Business Model Canvas that encourages business leaders to look beyond the normal capacity for sales and focus on nine essential characteristics that can affect the direction of the company and the overall focus of sales and marketing teams.
One of the best examples of a company that altered its business model to fit the needs, as well as the limitations, of its target audience, was Xerox. In the late 1950s, Xerox created the first plain paper, dry-process copier in the world. It was so innovative that it would ultimately transform the entire copier industry, but there was one major shortcoming: the price tag.