ENTP 3301 Chapter Notes - Chapter 6: Entp, Human Resource Management, Freemium
9 Sep 2016
School
Department
Course
Professor
ENTP
Ch 6
Chapter 6: Developing an Effective Business Model
Stroome
- Web based collaborative vide edition and remixing idea
- 1. Freemium
- 2. White labeling its sites – sell to companies for a fee so service available to customers
Business model
- firm’s plan or diagram for how it competes, uses its resources, structures its relationships,
interfaces with customers, and creates values to sustain itself on the basis of the profits
- Cannot copy other business models
o1. Difficult to precisely understand all of the components of another firm’s business
model
o2. Firm’s business model is inherently dependent on the collection of resources it
controls and the capabilities it possesses
- Build Model Innovation – business model that revolutionizes how a product is produced, sold or
supported after the sale
- Developed after feasibility analysis stage of launching a new venture
- The Importance and Diversity of Business Models
oCreate or develop a sensible business model then effectively implement it
oImportant of Business Models
Serves as an ongoing extension of feasibility analysis
Focuses attention on how all the elements of a business fit together and how
they constitute a working whole
Describes why the network of participants needed to make a business idea
viable is willing to work together
Articulates a company’s core logic to all stakeholders, including the firm’s
employees
oDiversity of Business Models
Different ways to have successful business models
How Business Models Emerge
find more resources at oneclass.com
find more resources at oneclass.com
Document Summary
Web based collaborative vide edition and remixing idea: freemium, white labeling its sites sell to companies for a fee so service available to customers. Business model firm"s plan or diagram for how it competes, uses its resources, structures its relationships, interfaces with customers, and creates values to sustain itself on the basis of the profits. Difficult to precisely understand all of the components of another firm"s business model: 2. Firm"s business model is inherently dependent on the collection of resources it controls and the capabilities it possesses. Build model innovation business model that revolutionizes how a product is produced, sold or supported after the sale. Developed after feasibility analysis stage of launching a new venture. The importance and diversity of business models: create or develop a sensible business model then effectively implement it, important of business models. Serves as an ongoing extension of feasibility analysis.
