Today, the type of business models might depend on how technology is used for different business industries. For example, entrepreneurs on the internet have also created entirely new models that depend entirely on existing or emergent technology to meet their vision. By using technology, businesses can reach a large number of customers in a faster way with minimal costs.
Figure (1) will show you the important connection role of technology inputs and economic outputs in doing business model. Then you can research further detail information on technology inputs and economic outputs based on your real business since different industry needs different inputs and outputs to meet the success.
At the same time, to describe your business model for better understanding , below figure (2) "business model design template" will be helpful which allows enterprises to describe their business model:
Infrastructure
* Core capabilities: The capabilities and competencies necessary to execute a company's business model.
* Partner network: The business alliances which complement other aspects of the business model.
* Value configuration: The rationale which makes a business mutually beneficial for a business and its customers.
Offering
* Value proposition: The products and services a business offers. Quoting Osterwalder (2004), a value proposition "is an overall view of .. products and services that together represent value for a specific customer segment. It describes the way a firm differentiates itself from its competitors and is the reason why customers buy from a certain firm and not from another."
Customers
* Target customer: The target audience for a business' products and services.
* Distribution channel: The means by which a company delivers products and services to customers. This includes the company's marketing and distribution strategy.
* Customer relationship: The links a company establishes between itself and its different customer segments. The process of managing customer relationships is referred to as customer relationship management.
Finances
* Cost structure: The monetary consequences of the means employed in the business model. A company's DOC.
* Revenue: The way a company makes money through a variety of revenue flows. A company's income.
Figure (1) will show you the important connection role of technology inputs and economic outputs in doing business model. Then you can research further detail information on technology inputs and economic outputs based on your real business since different industry needs different inputs and outputs to meet the success.
At the same time, to describe your business model for better understanding , below figure (2) "business model design template" will be helpful which allows enterprises to describe their business model:
Infrastructure
* Core capabilities: The capabilities and competencies necessary to execute a company's business model.
* Partner network: The business alliances which complement other aspects of the business model.
* Value configuration: The rationale which makes a business mutually beneficial for a business and its customers.
Offering
* Value proposition: The products and services a business offers. Quoting Osterwalder (2004), a value proposition "is an overall view of .. products and services that together represent value for a specific customer segment. It describes the way a firm differentiates itself from its competitors and is the reason why customers buy from a certain firm and not from another."
Customers
* Target customer: The target audience for a business' products and services.
* Distribution channel: The means by which a company delivers products and services to customers. This includes the company's marketing and distribution strategy.
* Customer relationship: The links a company establishes between itself and its different customer segments. The process of managing customer relationships is referred to as customer relationship management.
Finances
* Cost structure: The monetary consequences of the means employed in the business model. A company's DOC.
* Revenue: The way a company makes money through a variety of revenue flows. A company's income.
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