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Volume 9, Issue 7, July 2024International Journal of Innovative Science and Research Technology ISSN No:24562165https://doi.org/10.38124/ijisrt/IJISRT24JUL586International Expansion of Nigeria Banks:
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Business model innovation aims to create new value for customers and capture new market opportunities through changes in an organization's business model.
Any organization or company looking to stay competitive and relevant in their industry should consider business model innovation.
Business model innovation can be filled out by conducting market research, analyzing competitors, identifying customer pain points, and brainstorming new ways to deliver value.
The purpose of business model innovation is to adapt to changing market conditions, differentiate from competitors, and drive growth and profitability.
Information such as the current business model, proposed changes, target market segments, value propositions, revenue streams, and cost structure should be reported on business model innovation.
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