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"We've only just begun to explore new models for news delivery," he said.
Earlier this month at the announcement of the company's annual results, Crozier said ITV would look to "explore new models for content creation and distribution, through a mix of pay channels and online".
This creates opportunity to explore new models of practice to further utilise the pharmacist in the primary care setting.
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So, how to square this commitment to exploring new models of banking with the poor, with its decision to stop facilitating money transfers from the UK to those that fail to meet the regulatory criteria in Somalia?
While newspapers and publishers explore new models for reversing the downturn, the real story resides with the very people whom they employ, the standout reporters and journalists who are worth saving.
While so far the site's straight purpose has been to publish analysis and news about the fashion industry, it will also start to explore new business models, including launching events, analytics services and premium content.
Mike Darcey, the chief operating officer at BSkyB, has today accused public service broadcasters, industry regulators and politicians of breeding a "culture of dependency" that has failed to allow the UK TV industry to explore new business models.
That evoked a response from many executives here that the entertainment industry's unwillingness to explore new business models was primarily responsible for the industry's lack of growth.
Focus should be on developing the right skills to adapt to a resource-constrained world as well as to explore new economic models that move away from a linear system of "take, make, dispose" and adopt circular approaches that are restorative and seek to eliminate waste by design.
Mr. Ward said that if Nintendo and Sony hoped to compete with smartphone games, both companies would have to explore new business models, including offering "freemium" products, which can include ad-supported games, or products that are initially free but then require paid additions.
If it refuses to explore new business models, its share price could sink.
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