An operating model is both an abstract and visual representation of how an organization delivers value to its customers or beneficiaries as well as how an organization actually runs itself.
| FactSnippet No. 2,076,521 |
11 Facts About Operating model
1.
2.
An operating model can describe the way an organization does business today – the as is.
| FactSnippet No. 2,076,522 |
3.
An operating model describes how an organization delivers value, as such it is a subset of the larger concept 'business model'.
| FactSnippet No. 2,076,523 |
4.
An operating model focuses on the delivery element of the business model.
| FactSnippet No. 2,076,524 |
5.
An operating model is one of the tools that leaders can use to help them formulate and execute strategy.
| FactSnippet No. 2,076,525 |
6.
Typically work on an operating model starts after some strategic plan has been proposed.
| FactSnippet No. 2,076,526 |
7.
An operating model can be used as a tool when an organization is facing performance challenges.
| FactSnippet No. 2,076,527 |
8.
However, probably the most common use of the operating model tool is to get alignment between managers in different functions or divisions about how they are going to work together for the benefit of the whole.
| FactSnippet No. 2,076,528 |
9.
Term operating model has been used in corporate strategy to mean what Lynch, et al.
| FactSnippet No. 2,076,529 |
10.
Operating model traced the evolution of a firm from "Stage I" with a single product to "Stage 3" with multiple lines of business, markets and channels.
| FactSnippet No. 2,076,530 |
11.
Operating model informs IT leaders about how various technical and business components should be designed and implemented to enable the chosen operating model:.
| FactSnippet No. 2,076,531 |