{"id":6346,"date":"2024-11-25T15:17:41","date_gmt":"2024-11-25T08:17:41","guid":{"rendered":"https:\/\/libcon.co.th\/mastering-new-business-ai-and-expertise-for-sustainable-success\/"},"modified":"2024-11-25T15:36:09","modified_gmt":"2024-11-25T08:36:09","slug":"ai-expertise-business-development","status":"publish","type":"post","link":"https:\/\/libcon.co.th\/en\/ai-expertise-business-development\/","title":{"rendered":"Mastering New Business: AI and Expertise for Sustainable Success"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"6346\" class=\"elementor elementor-6346 elementor-6335\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d1fa011 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d1fa011\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-26328c7\" data-id=\"26328c7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d068442 elementor-widget elementor-widget-text-editor\" data-id=\"d068442\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h1><span style=\"color: #000000;\">Mastering New Business: AI and Expertise for Sustainable Success<\/span><\/h1>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0d5db09 elementor-widget elementor-widget-text-editor\" data-id=\"0d5db09\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>LiB Consulting&#8217;s 6 AI-Driven Steps for Building Adaptive and Effective Business Models<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-42c5cbe elementor-widget elementor-widget-image\" data-id=\"42c5cbe\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1200\" height=\"630\" src=\"https:\/\/libcon.co.th\/wp-content\/uploads\/2024\/11\/Integrating-AI-and-Expertise.png\" class=\"attachment-full size-full wp-image-6337\" alt=\"Integrating AI and Expertise\" srcset=\"https:\/\/libcon.co.th\/wp-content\/uploads\/2024\/11\/Integrating-AI-and-Expertise.png 1200w, https:\/\/libcon.co.th\/wp-content\/uploads\/2024\/11\/Integrating-AI-and-Expertise-300x158.png 300w, https:\/\/libcon.co.th\/wp-content\/uploads\/2024\/11\/Integrating-AI-and-Expertise-1024x538.png 1024w, https:\/\/libcon.co.th\/wp-content\/uploads\/2024\/11\/Integrating-AI-and-Expertise-768x403.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-864f5a2 elementor-widget elementor-widget-text-editor\" data-id=\"864f5a2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The current rate of change in the business world is rapidly accelerating. The term \u201cBusiness Disruption\u201d has been discussed for years and now impacts every industry. In the era of \u201cAI Disruption,\u201d artificial intelligence is becoming integral to everyone&#8217;s work. Leading business development experts are now using AI to quickly analyse and create new business scenarios, leading to the development of successful business models and strategies. <a href=\"https:\/\/libcon.co.th\/en\/\" target=\"_blank\" rel=\"noopener\">LiB Consulting<\/a> is one of the leading consulting firms in Japan that also uses AI to support its experts in creating new business units for its clients effectively.<\/span><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-23f587f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"23f587f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f84d4cf\" data-id=\"f84d4cf\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-c56799f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c56799f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-7b1bd97\" data-id=\"7b1bd97\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b24be9a elementor-widget elementor-widget-text-editor\" data-id=\"b24be9a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2><b>Case Study: Using AI to Analyze Competitive Capabilities and New Business Directions<\/b><\/h2>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b15e2e6 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"b15e2e6\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6295673 elementor-widget elementor-widget-text-editor\" data-id=\"6295673\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">A tyre manufacturing company wanted to start a new business using its existing resources but lacked a clear operational strategy. LiB Consulting then utilised AI to analyse these resources by first having human analysts identify the company&#8217;s strengths. Then, they crafted prompts for AI to learn about the company\u2019s capabilities and incorporated global business databases for preliminary data screening.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">AI is able to generate over 10,000 new business ideas across nearly 100 industries, ranking them based on factors such as business suitability, market demand, and entry difficulty. With the experts\u2019 guidance, using AI has significantly reduced the time and cost of data collection by more than half. This process took only three months.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The efficiency of AI in creating new business units is only optimised when combined with business knowledge and proper AI application. As a leading consulting firm from Japan, LiB Consulting has outlined six steps for sustainable new business development to help entrepreneurs navigate the current industry changes:<\/span><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b1da494 elementor-widget elementor-widget-text-editor\" data-id=\"b1da494\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h3>1. Setting Objectives and Goals<\/h3><p><span style=\"font-weight: 400;\">Organisations should start by analysing future scenarios, considering management and organisational aspects to create a \u201cshared understanding\u201d and \u201cscope of interest\u201d. This is crucial for developing new businesses that respond to upcoming changes. From setting new visions\/missions and objectives to analysing emerging business models, it\u2019s essential to consider current resources and strengths to maximise new business efficiency and ensure clear and realistic business scopes.<\/span><\/p><h3>2. Exploring Market Issues<\/h3><p><span style=\"font-weight: 400;\">The goal is to explore challenges and problems in various dimensions, divided into three main areas:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Analysis of the market environment (Environmental Analysis)<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Identification of key issues (Identification of Critical Troublesome Children)<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Evaluation of the impact of key issues and potential scenarios that may unfold (Assessment of the Trouble Child, Definition of the Scenario)<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">This step requires industry-specific experts and AI to analyse the environment accurately, reducing risks when starting a new business and leading to the establishment of the \u201cValue Capsule\u201d. A Value Capsule is a small unit of value derived from a company&#8217;s strengths, used to explore new business opportunities. For example, if a company&#8217;s asset is advanced software, the value capsule might be its unique algorithms. These algorithms can be repurposed for new products in different industries.<\/span><\/p><h3>3. Searching for Solutions<\/h3><p><span style=\"font-weight: 400;\">Entrepreneurs should work with experts to gather and compare business standard data from new industries and competitors, as well as related business performance reports, to create:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A Value Capsule for applying to related businesses, expected to give the company a competitive edge.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Benchmark data necessary for the new business.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Factors influencing business growth and success.<\/span><\/li><\/ul><h3>4. Business Model Hypothesis Planning<\/h3><p><span style=\"font-weight: 400;\">Experts will identify long-term business scopes to prioritise and systematically set business goals, resulting in <a href=\"https:\/\/libcon.co.th\/en\/services\/new-business-development-nbd\/business-feasibility-verification-support-poc-proof-of-concept-yamaha\/\" target=\"_blank\" rel=\"noopener\">business feasibility<\/a> indicators that will improve the second version of the hypothesis to be more updated.<\/span><\/p><h3>5. Planning for a Hypothetical Business Feasibility Study<\/h3><p><span style=\"font-weight: 400;\">This process considers three main aspects: Return, Business Risk, and Significant Impact on the Organisation. This results in a business model canvas and framework for business structure in blueprint form, helping management and employees visualise concrete operations.<\/span><\/p><h3>6. Execution &amp; Evaluation<\/h3><p><span style=\"font-weight: 400;\">The final step involves investing in and developing the business according to the plan, followed by continuous evaluation and refinement of the business model to align with economic conditions.<\/span><\/p><p><span style=\"font-weight: 400;\">From the points mentioned, it\u2019s evident that new business development involves more than just generating ideas and hoping for success. It demands a systematic process where each step is essential and interconnected. To achieve long-term competitiveness, entrepreneurs should engage consultants and industry-specific experts to bring their new business ventures to fruition.<\/span><\/p><p><b>Furthermore, LiB Consulting suggests that entrepreneurs should seek diverse perspectives from industry experts and incorporate AI to explore all possibilities in today&#8217;s business landscape. Businesses should focus on competing where they have distinct advantages rather than attempting to compete in every market. It is crucial to operate and adapt quickly, avoiding fixation on a single perfect model. Continuous insights from management and all personnel are essential to ensure stable business development in any future scenario.<\/b><\/p><p><b>For more information, please contact:<br \/><\/b><b>LiB Consulting Thailand<br \/><\/b><span style=\"font-weight: 400;\">Email: <\/span><a href=\"mailto:info_thai@libcon.co.jp\"><span style=\"font-weight: 400;\">info_thai@libcon.co.jp<\/span><\/a><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\">Phone: <a href=\"tel:021049153\">02-104-9153<\/a><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Mastering New Business: AI and Expertise for Sustainable Success LiB Consulting&#8217;s 6 AI-Driven Steps for Building Adaptive and Effective Business Models The current rate of change in the business world is rapidly accelerating. The term \u201cBusiness Disruption\u201d has been discussed for years and now impacts every industry. In the era of \u201cAI Disruption,\u201d artificial intelligence [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":6337,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[],"class_list":["post-6346","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mastering New Business: AI and Expertise for Sustainable Success<\/title>\n<meta name=\"description\" content=\"LiB Consulting&#039;s 6 AI-Driven Steps for Building Adaptive and Effective Business Models\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/libcon.co.th\/en\/ai-expertise-business-development\/\" \/>\n<meta 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