What questions will help you evaluate whether the challenge of business model innovation will yield acceptable results?

What is the project objectives and scheduled target time of achievements?

What are the regular management reports?

What's the customer feedback about the product / service?

Checklist revisions and evaluation of areas of deviations.

How to take the corresponding corrective and preventive actions. indicates the straight line of the project and how is the maturity of the project staff.

1- Which customers do we choose to serve?

2- Which customer needs do we seek to address?

3- How are we configured to deliver on customer demand?

4- How do we deploy and develop our people to sustain and enhance our competitive advantage?

People (and organizations) are driven by their most pressing PAIN & GAIN  issues.   PAIN issues are usually the MORE URGENT motivators, while GAIN issues could be the MORE IMPORTANT ones.

Accepting challenges and taking them forward (as in the case of "business model innovation" has to fall within the PAIN ISSUES category,  the GAIN issues category, or possibly both of them !!

PAIN & GAIN ISSUES  are covered in my MV-EEI (Efficiency and Effectiveness Improvement) service through special designed/tailored forms/questionnaires/interviews/surveys with top management at the corporate and departmental levels and also with key players including knowledge workers, key stakeholders within the organizaton (and possibly outside it too) !

In answering your question,  the questions I would raise in the above described service would be aroung the overall status of the company,  where it is heading, what performance bottlenecks it is suffering from,  what improvements  it needs in its overall performance, where it stands with its strategy, does the strategy need review and validation, is there a viable strategy implementation/execuion in place, what KPI/KRI indicators/achievement is happening versus what is desired/planned ....  and lots of other related questions dependent on the situation we are facing !

I hope this sheds some light on the topic and gives a good attempt to answer your question in a practical way

If you need more info, let me know !

The perfect goals and defined pathways with proper analysis how to implement them.

I agree with Mr mouhamed saei

Accepted by the "business model innovation" is framing the business in different way hence it can be fully understood by others. it is to be said that those questions that help to indicate that:

1. the result of model will lead the business to a different situation from competitors

2. customers welcome to the achieved results

agreed with asim nehal,,,

There are many few are given hereunder :

1. How do we empathize with our customers and profit from it?2.How do we commercialize our invention that suits our business model ?

3.How do we deliver our brand promise to customers and how well business model suits it?

4.How do we scale our business for growth?

5.How do we mitigate risks?

6.How do we increase profitability and grow sustainably?

Answering “yes” to all of the following four questions will greatly increases the odds of successful results of business model innovation:

•          Can you nail the job with a focused, compelling customer value proposition?

•          Can you devise a model in which all the elements—the customer value proposition, the profit formula, the key resources, and the key processes—work together to get the job done in the most efficient way possible?

•          Can you create a new business development process unfettered by the often negative influences of your core business?

•          Will the new business model disrupt competitors?