New with Something Old Using Business Model Innovation to Reinvent the Core The Boston Consulting Group (BCG) is a global management consulting firm and the world’s leading advisor on business strategy. We partner with clients from the private‚ public‚ and not-forprofit sectors in all regions to identify their highest-value opportunities‚ address their most critical challenges‚ and transform their enterprises. Our customized approach combines deep in ight s into the dynamics of companies
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BLUE OCEAN STRATEGY Chan Kim and Renée Mauborgne “ Blue Ocean strategy” “How to create uncontested market and make competition irrelevant” BLUE OCEANS = unknown market spaces with few competitors Blue Ocean strategy VALUE INNOVATION (Differentiation) = Search for “Blue Oceans” • Exploring non customer groups • Challenging the industry’s strategic logic FOUR ACTIONS FRAMEWORK Key questions a company should ask itself: 1. Which of the factors that the industry takes for granted should be ELIMINATEd
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e-Business Model The rapid growth of e-commerce on the Internet has created a challenge for traditional bricks and mortar businesses. Businesses must now change their focus about their own business models‚ target market‚ products‚ and services‚ and ultimately their own benefits. This paper will compare and contrast the business models of a business to business (B2B)‚ a business to customer (B2C)‚ and a customer to customer (C2C). The Internet Capital Group (ICG) was selected to represent a
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manufacturing and the distribution of the vehicles. This market includes all kind of vehicles with motor‚ but only the ones of combustion engines. This is one of the markets that make the world economy grow‚ in fact the automotive market is the world’s most important economic sector by revenue. This market as sated above does only include the four main principles of the car market. It does not include businesses which cars about the customer after the delivery of the car‚ such as repairing firms or motor fuel
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Planning 43 (2010) 291e307 http://www.elsevier.com/locate/lrp Business Models: Creating New Markets and Societal Wealth James D. Thompson and Ian C. MacMillan This thought piece proposes a framework for addressing the challenges of poverty and human suffering so widespread around the world. Based on the WSWP action research program‚ we suggest that visionary businesses can play a role in creating new business models that open up new markets‚ and simultaneously attend to societal wealth
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PATAGONIA CASE ANALYSIS 1) In line with the mission statement - to build the best product‚ cause no unnecessary harm and use business to inspire and implement solutions to the environmental crisis – Patagonia’s values and principals lie at the heart of their corporate strategy. Sustainability is at the center of the business. Its success is based on organization’s high level of commitment and dedication to the environment‚ being involved in delivering business results with breakthrough ideas and
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IKEA Case Study Question 1 Investigate IKEA ’s business model and sources of competitive advantage as depicted in the case. Why do you think it has been so sucsessfull in the fragmentated fuurniture industry? What do you concider to be IKEA ’s main weaknesses? To answer question one I will split the question into three parts. Begining by investigating IKEA ’s business model and sources of competitive advantage. Then goin on to adress why it has been so sucsessfull in the fragmented furniture
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Case #1. Zipcar: Refining The Business Model The objectives of this case: The Zipcar case was developed to permit students to closely track the development and evolution of a company’s business model in the very early stages of its life. The case describes the development of Zipcar‚ a car-sharing service located in Boston‚ but with national ambitions. The case includes the very first version of a financial model for the business‚ a version that was developed after significantly more research
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Amazon.com’s E-Business Model Amazon.com was founded in 1994 as an online book retailer. Now‚ the largest retailer of books has also become the largest online retailer with a customer base of over 30 million people. Amazon competes in a vast array of markets including: books‚ movies‚ digital readers‚ computers‚ consumer electronics‚ pet needs‚ groceries‚ health and beauty aids‚ toys‚ clothing‚ jewelry‚ shoes‚ sporting goods‚ tools‚ automotive‚ hardware‚ building supply‚ and more. Despite their
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(according to the company situation) CEO – IT ia not a analysis – just an observation. Not recommendation or putting any action. Understand the different parts of the Business. Two groups (Customers) – Don’t overdo customers segregation. Don’t go down to the bottom level. Put in the canvas with items as specific as possible; the model is useless with general items. Eg. Travelers – not useful. E.g Cost – Marketing cost‚ revenue cost. Key word is ‘Key’ wrt value proposition. What is your value
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