whole attempt to formalize the definition of business models when he wrote that " "Business Model" is one of those terms of art that were central to the Internet boom: it glorifies all manner of half baked plans. All it really meant was how you planned to make money." In an abstract of his paper "A Mesoscopic Approach to Business Models: Nano Research on Management" published in "Economic Issues in China" Dr. Junyi Weng stated that "Business Model‚ a well known important and extensively used term
Premium Business model Marketing Sales
com/locate/lrp From Strategy to Business Models and onto Tactics Ramon Casadesus-Masanell and Joan Enric Ricart Strategy scholars have used the notion of the Business Model to refer to the ‘logic of the firm’ e how it operates and creates value for its stakeholders. On the surface‚ this notion appears to be similar to that of strategy. We present a conceptual framework to separate and relate the concepts of strategy and business model: a business model‚ we argue‚ is a reflection of the
Premium Business model Strategic management Management
Ocean value innovation Business model canvas + By reducing or eliminating less valuable features and enhance or create high-value features that do not increase the cost base‚ we can increase value while reducing costs. Changing elements on the right-hand side has implications for the lefthand side. Business model perspective on blue ocean Powerful analysis of innovation Asking the Four Actions Framework questions (eliminate‚ create‚ reduce‚ raise) to each business model Building Block‚ it will
Premium Strategic management Business model Coffee preparation
winning Business Model? Ramon Casadesus-Masanell and Joan E. Ricart‚ HBR Jan-Feb 2011 Because of the economic slowdown in developed economies and the mature markets more and more companies are encouraged to enter in emerging markets. We can observe an increasing pressure for MNE to enter in emerging economies by targeting middle and low Base of the Pyramid. The leading companies are targeting the BOP in emerging countries (India‚ Africa‚ Asia) by adopting innovative business models. Face
Premium Management Strategic management Low-cost carrier
Doing Something 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
Premium Strategic management Customer Customer service
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
Premium Business model Strategic management
You’re holding a handbook for visionaries‚ game changers‚ and challengers striving to defy outmoded business models and design tomorrow’s enterprises. It’s a book for the… written by Alexander Osterwalder & Yves Pigneur co-created by designed by Alan Smith‚ The Movement An amazing crowd of 470 practitioners from 45 countries Business Model Generation A Handbook for Visionaries‚ Game Changers‚ and Challengers Written by Alexander Osterwalder and Yves Pigneur Design Alan Smith‚ The
Premium Business model Customer service Marketing
user-centric approach to business model development Simon J.D. Schillebeeckx‚ Priti Parikh‚ Rahul Bansal‚ Gerard George n Business School‚ Imperial College London‚ South Kensington Campus‚ London SW7 2AZ‚ UK H I G H L I G H T S c c c c Review of two decades of rural electrification research. Content analysis of 232 scholarly articles. Literature is categorized into four focal lenses: technology‚ institutional‚ viability and user-centric. We develop a business model framework for rural electrification
Premium Renewable energy Energy development Electricity generation
BUSINESS MODEL GENERATION EXERCISE RQ1 What is a Business Model? At least 2 paragraphs. The first step in implementing an effective business model is to adequately understand the definition. Osterwalder and Pigneur (2010) define a business model as “the rationale of how an organization creates‚ delivers‚ and captures value.” (14) In simple terms‚ a business model is an outline or a blueprint an organization uses to constract effective processes‚ structure‚ and systems. While business
Premium Strategic management Business model Management
Alex Osterwalder Yves Pigneur Greg Bernarda Alan Smith Designed by Trish Papadakos Series Sequel to Business Model Generation International Bestseller 30+ Languages 2. Design 3. Test 4. Evolve 1.1 Customer Profile 10 1.2 Value Map 26 1.3 Fit 40 2.1 Prototyping Possibilities 74 2.2 Starting Points 86 2.3 Understanding Customers 104 2.4 Making Choices 120 2.5 Finding the Right Business Model 142 2.6 Designing in Established Organizations 158 3.1 What to Test 188 3.2 Testing Step-by-Step 196
Premium Customer service Strategic management Pain