Reinventing Your Business Model By Mark Johnson‚ Clayton Christensen & Henning Kagermann Summary Submitted by Tiffany The article “Reinventing Your Business Model” is focused on the importance of innovating business models as a means of providing new growth and opportunities for an organization. The three authors‚ Johnson‚ Christensen and Kagermann‚ provide a layout to demonstrate possibilities for an organization. The first step is to understand the definition of a business model. The article
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In June of 2015 I went on a mission trip with my Youth Group of First Baptist Church to London‚ England. When over there we would be staying in a tiny town outside of the city‚ Stanmore. Being religiously diverse town someone could have a Muslim neighbor on one side and a Jew on the other side. Some of us in the group felt the coordinator for our trip exaggerated. After months of fundraising and preparing for the trip it finally came and excitement filled the air. Two days before the plane ride
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MISSION AND VISION Companies summarize their goals and objectives in Mission and Vision statements. Both these things serve different purposes for the company but are often confused with each other. A Mission statement talks about what the company is now. It concentrates on present; it defines the customers‚ critical processes and it informs you about the desired level of performance. A Vision statement outlines what a company wants to be. It concentrates on the future; it is a source of
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Mission Statement Nine Components. 1. Customers-Who are the firm’s customers? 2. Products or services-What are the firm’s major products or services? 3. Markets-Geographically‚ where does the firm compete? 4. Technology-Is the firm technologically current? 5. Concern for survival‚ growth‚ and profitability-Is the firm committed to growth and financial soundness? 6. Philosophy –What are the basic beliefs‚ values aspirations‚ and ethical priorities of the firm? 7. Self-concept-What is the firm’s
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Reinventing your business model Summary by Armen Sargsyan Business innovations have reshaped entire industries and redistributed billions of dollars of value. However‚ stories of business model innovation from well-established companies are rare as new business models often look unattractive to internal and external stakeholders. Business models consist of four interlocking elements that taken together
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Business models Strategic management 2 - seminars 15.4.2013 Ivan Župič What is business model ? Definition A business model describes the rationale of how an organization creates‚ delivers‚ and captures value Business model building blocks Customer segments Value propositions Channels (communications‚ distribution‚ sales) Customer relationships Revenue streams Key resources Key activities Key partnerships Cost structure Customer Segments A business model may define one or several
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Dubli.com is an auction‚ shopping and entertainment portal based on a pay-to-shop model. Traditionally‚ all pay-to-shop models create value for customers by effectively leveraging the initial payments made by the customers. In the case of Dubli.com‚ this initial payment can be leveraged much more effectively due to the possibilities available in an internet environment. The internet enables customers to simultaneously and speedily access information about the auction item and to take further decisions
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Netflix Vs Blockbuster – Business model / Profit model A busines model is the way a supplier transacts business with its customers. Business model innovation focuses on addressing unmet needs on the part of consumers who dislike some aspect of an existing business mode of an existing category. So with that said what is Netflix and blockbuster business model? Blockbuster business model back in the early 2000 was to pay –per-rental. Blockbuster’s customer were frustrated by late fees and not
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Casey Eynon US History Roselle November 20‚ 2012 In the early days of the North American continent more than one different groups of people were trying to settle the land and claim it as their own. One group in particular was the Spanish. They built missions in California to make their presence in the area known and to convert the Native Americans into Christianity. They served as religious and military outposts. These missions were established to convert Native American into Christianity
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Situation Glengarry Regional Medical center (GlenMed) is an acute care general hospital located in Scotston‚ a community of 35‚000 in the Southwestern United States. Originally found in 1950 with 35 beds‚ the hospital grew tremendously to a capacity of 55 within three years and reached a capacity of 166 beds five years ago. The expansion of the hospital was due to an economic growth in the region along with a rapid influx of people. Three years ago‚ the board of directors concluded that major
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