ipl-logo

Summary: Business Model Generation

836 Words4 Pages

Business Model Generation Exercise 2
Frank Bentley
BUSI 690- POLICY AND STRATEGY IN GLOBAL COMPETITION
Liberty University
August 1, 2015

RQ1: Considering a business model, a firm can understand that its purpose is to create, capture and deliver value to the consumer. With this understanding, a firm can find that there are both internal and external perspectives, which can propel a business model forward. Looking at a business model, it provides seven basic building blocks, some to include customers, value propositions, customer relationship, revenue streams and key resources.
In regards to a business model success those external factors play a tremendous success, to include customers, government, and competitors. These particular …show more content…

These particular rules and regulations can have a positive impact on a firm in regards to their business model. In the end, if those particular functions (rules and regulations) are accepted, then the firm can focus on improving its business model through innovation and differentiation.
This concept of understanding competitors, allows firms to incorporate successful business models through the development of innovation and adoption, which helps in establishing that successful business model in order to derive towards a competitive advantage. In order to drive towards this competitive advantage, firms look at incorporating that differentiation factor and implementing those best practices undefined by its competitors, which in turn derives procedures that create value for the consumer and helps increase firm …show more content…

For example, one of the most innovative firms Apple Inc. had a direct ad continuous focus on the innovation of personal computers. This allowed the firm to overtime evolve and direct some of its activity towards music distribution through the interlinking of music software and personal computers, which was then distributed amongst the consumers as a music distribution product also known as an IPod.
RQ3: According to Osterwalder and Pigneur (2010), some the challenges to Business model and design and innovation are found in four areas. These underlying challenges include finding the right model; testing the model before a full-scale launch; Inducing the market to adopt the new model; continuously adapting the model in response to market feedback; and managing uncertainty. Business model innovation is still uneasy with the challenges mentioned, due to the unpredictable aspect of implementing processes. Re-inventing or re-designing a business model requires the firm to fight uncertainty until sound solutions are brought to light. Seeing that this doesn’t happen overnight, firms have to understand that it will take a lot of time, energy and investment and must be willing to sacrifice in order to see sound solutions come to

Show More
Related

Canruss Business Model

1014 Words | 5 Pages

Elevator Pitch Are you looking for Nurse Practitioners to work in your remote industry? Do you need Paramedics, Instructor and security services for your industry? Canruss Medical and Safety provides paramedic, first-aid, security and supervisor services in province of British Columbia for remote industries. We have great team members who come from proven experience, have qualifications and problem solving abilities. Our staffs experience Paramedics at all different levels to meet clients’ needs.

Read More

Cheap Business Model

142 Words | 1 Pages

Based on feedback described above, the revised idea would be property management service (as a real estate agent) that provides discounted rent to students in Melbourne. Cheap Student would run property management service to generate revenues through management fees, which discount students' rents. Any profit generated by this non-profit organisation would be reinvested into social goal (Milligan, Guran, Lawson, Phibbs, & Phillips, 2009). Property management service would simultaneously exist with the idea of cheap student card, in order to achieve greater goal of affordable housing for students in Melbourne. The discounts on food, utilities, and stuffs that discount card provides to student users, would attenuate factors that makes affordable

Read More

Myth Of Natural Monopoly Essay

712 Words | 3 Pages

Regulation includes keeping an eye on the market and the investor firms while at the same time monitor and put into order other possible profit seeking movements made by firms. These regulations are classified into 3 according to the article. These are setting a criteria in determining price, providing a specified quality of output and placing restrictions into entry and exit from the market. Change in market structure from monopoly to oligopoly is brought about by a growth in demand of that product. The conversion from monopoly to into a competitive structure is due to 3 possible reasons.

Read More

ASOS Business Model

1495 Words | 6 Pages

It can be said that by means of organisation’s competitive strategy, it can achieve an upper hand in the business market over its rivals. Competitive Advantage offers a beneficial position to business organisations over rivals in regards of some measure like expense, quality, or velocity. An efficient strategy can help an organisation to achieve an upper hand through commitment to its strategic objectives and the capacity to significantly expand execution and profitability (Bartlett & Ghoshal,

Read More

Explain How Sustainable Is Apple's Competitive Strategy

1841 Words | 8 Pages

How Sustainable is Apple’s Competitive position Introduction Apple started out simply as a computer company producing Macintosh computers and software, but has since evolved over the years to manufacture other products. It introduced iPods in 2001 for music players, in 2007, it started producing iPhones. Its products are consumer oriented and this has contributed to the success of the company. Apple also views innovation as basis of survival and business development (Yoffie, 2012).

Read More

The Strategic Change Cycle

1852 Words | 8 Pages

Abstract The strategic change cycle is one of the processes within strategic planning. This cycle is a ten-step process created to assist organizations in meeting their mandates, satisfying their missions, and constructing public value. “Strategic planning is intended to enhance an organization’s ability to think, act, and learn strategically” (Bryson & Alston, 2011). Introduction Strategic planning is “a deliberate, disciplined effort to produce fundamental decisions and actions that shape and guide what an organization (or other Entity) is, what it does, and why it does it” (Bryson & Alston, 2011).

Read More

Case Study Of Apple Inc.'s Diversification Strategy

1442 Words | 6 Pages

Apple Inc. embraces diversification strategy as a means of promoting its viability in the market. Largely, the creation of the three products lines compounds the sources of the company’s income. In fact, the company does not rely on a single source of income because the product design belongs to different categories. This strategy cushions the business from suffering risks of associated with depending on a single business. According Hitt, Ireland, and Hoskisson (2014, p.135), the benefit of handling many products is that when one product fail or does poorly in the market, the business is would shift its attention of the best performing products.

Read More

Porter's Diamond Framework Analysis

756 Words | 4 Pages

Criticism: Lazonick (1993) took up the challenge with porter regarding the issues of rivalry, issues regarding rivalry alone cannot pressure firm to produce more innovative products. When a firms faces too many issues from their competitors, they may rather choose to imitate their competitors’ products than innovate products at their own risk. When foreign competitors come up to take challenges with firms, firms would rather choose to be cooperative the business with their current competitors to prevent decline of products. Porter’s diamond framework concept most of the time focuses on the home based market due to competitiveness of a national business system is usually derive from their home based market (Porter, 1990). Single diamond framework

Read More

Fendi Competitive Advantage

1100 Words | 5 Pages

The companies in today industry serve a huge competitiveness. Current competitors take advantage of the demands from consumers to earn high profit margins. Fendi is known as a rich brand heritage and is the first global group in luxury product. They are widely recognized for its leathers, furs, watches and bags.

Read More

H & M Value Chain Analysis Model

3035 Words | 13 Pages

When a company is competing through its differentiation advantage; it would try to carry out its activities in a much better manner than the

Read More

Pet Food Marketing Plan

2648 Words | 11 Pages

Table of Contents 1.0) Executive Summary 3 1.1) Objectives 3 1.2) Mission 3 1.3) Keys to success 3 2.0) Product and Services 4 2.1) Sourcing 5 2.2) Technology 5 3.0) Market Analysis Summary 5 3.1) Market Segmentation 6 3.2) Target Market Segment Strategy 7 3.2.1) Market Trends 7 3.2.2) Market Needs 8 3.2.4) Market growth 8 4.0)

Read More

Value Chain Analysis Of IBM

1674 Words | 7 Pages

International Business Machines (IBM)- 1) Introduction IBM (International business machines) corporation is one of the biggest multinational computer technologies and IT consulting company spread over 170 countries with 330,000 employees. It has its headquarters in Armonk, New York, United States. IBM started its business on June 16, 1911. It is the manufacturer of computer parts for hardware and software and, consulting services and hosting services. And also offers services in infrastructure.

Read More

Loreal Pestel Analysis

1016 Words | 5 Pages

It would aim at establishing a strong customer lifetime value. It would also search for new markets in other

Read More

Swot Analysis Of Apple Marketing Strategy

3863 Words | 16 Pages

1.0. INTRODUCTION Every organization strives to benefit from creating value for its customers, in the most effective way, for the purpose of attaining competitive advantage in the business environment in which they operate. Philip Kotler(2015) defines marketing as “the science and art of exploring, creating, and delivering value to satisfy the needs of a target market at a profit”. According to Hollensen (2003), a strategy is a fundamental pattern of present and planned objectives…”

Read More

Xiaomi's Theory Of Disruptive Innovation

964 Words | 4 Pages

Disruptive innovation describes a process by which a product or service takes root initially in simple applications at the bottom of a market and then relentlessly moves up market, eventually displacing established competitors. Most companies pursue innovations that will help them sustain the higher tiers of their markets, most

Read More

More about Summary: Business Model Generation

Related Topics

Open Document