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Business model innovation from the perspective of value chain

Redefine the value proposition, optimize the value chain process, innovate the value chain combination and introduce new technologies.

1. Redefine the value proposition: First of all, we need to redefine the value proposition of products or services, understand their needs and pain points from the customer's point of view, and then design solutions accordingly.

2. Optimize the value chain process: analyze the existing value chain process, find out the bottleneck and waste, and then optimize it by simplifying the process, reducing costs and improving efficiency.

3. Innovative value chain combination: combine different products or services to form a new business model, for example, upgrade traditional products and services to solutions or platforms to provide more comprehensive value.

4. Introduce new technologies: use new technologies such as artificial intelligence, big data and Internet of Things. Digitize the value chain to improve production efficiency and service quality.