Identifying new customer segments that could benefit from the company's products or services and developing new business models to target these segments. IT managers can develop a clear plan for identifying, prioritizing, and targeting new market segments that can help drive growth and maintain a competitive edge in the market.

Developing new products or services that meet the changing needs of customers and creating new business models to support these offerings. IT managers can develop a clear plan for identifying, prioritising, and creating new products or services that can help drive growth, enhance customer satisfaction, and maintain a competitive edge in the market.

Using technology to create new business models, such as offering subscription-based services or creating online marketplaces, that can help the business stay competitive.IT managers can develop a clear plan for identifying, prioritising, and leveraging new technology solutions and systems that can help drive growth, improve efficiency, and maintain a competitive edge in the market.

Partnering with other companies to create new business models that leverage the strengths of both organisations. IT managers can develop a clear plan for identifying, selecting, and collaborating with partners in a way that maximizes the benefits and minimises the risks.

Identifying new distribution channels, such as e-commerce or social media, to reach customers and developing new business models to support these channels. IT managers can develop a clear plan for exploring, selecting, and implementing new distribution channels that can help drive growth, improve customer satisfaction, and maintain a competitive edge in the market.