Part 1 - The Business Model

1. Age Leads to Rigidity

The Problems with Mature Organizations

Changing a Dominant Business Model

2. The Business Model - What is it?

Development and Popularization of the Concept

The Elements of a Business Model

Part 2 - A History of Business Model Transformation

3. Before the Grid "The Private Power Plant" - Pre-1882

A Fragmented Marketplace

An Example in JP Morgan's Basement

4. First Business Model - Central Station Grid - 1882 to 1890s

Edison's Vision on Pearl Street

Downfall: A Business Model Constrained by Distance.

5. Second Business Model - Centralized Production, Competition - 1890s to 1920s

The Dominance of AC and Scale

Downfall: Competition in a Natural Monopoly

6. Third (and still current) Business Model - Regulated Monopoly - 1920s to 2020s

Regulation and Monopoly

Stressing the Business Model: The Four D's and Competition from Distributed Renewables

Part 3 - Emergence of a New Business Model

7. Four D's of Change: Financial Decline, Decarbonization, Decentralization, Digitization

Financial Decline

Decentralization

Decarbonization

Digitization

8. A Business Model Under Strain

The Value Chain: New Competition from Decentralized Renewables

The Customer: A Dream Customer No Longer

The Value Offering: Expanded Customer Expectations

Value Capture: An System in Need of Maintenance

9. The Future Business Model

What We Know

Shape of the Future Business Model

Part 4 - Pathways to Business Model Transformation

10. A Path Well Traveled - Recurring Patterns of Dislocation

11. Roadblocks to Change

The Roadblock of Technology

The Roadblock of Embedded Values and Thinking

The Roadblock of Financial Returns

Breaking Through Roadblocks

12. Pathways to Transformation

Approach 1 - Maintain Traditional Boundaries ("Stay in your lane")

Approach 2 - Extend the Existing Model ("Get a bigger umbrella")

Approach 3 - Develop Ambidexterity ("Use a different skill set")

Approach 4 - Experiment ("The path seldom taken")

References