Business Models, Business Strategy and Innovation - Teece
6 important questions on Business Models, Business Strategy and Innovation - Teece
How does the essence of a business model relate with the ideas of top management?
- What customers want
- How they want it
- How enterprises can organise themselves best to meed those needs
- Getting paid for meeting those needs
- Making a profit as a result
Why is there a shortage of literature about business models in the traditional economic science?
If value is delivered at competitive market prices, customers will always pay for it. Or in other words, customers will buy if the price is less than the utility yielded
What does a good business model entail?
- Higher grades + faster learning
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What are some changes in the balance between customer and supplier, based on the developments in the global economy?
What are some examples of business model innovation in traditional industries?
- Swift's meat refrigiration business model
- Containerization of McLean, (not having to unload everyting at dock, but making containters that could function as trailers for trucks)
- Razor Blade Model, (only geared toward business revenue)
How did the "internet" change the way businesses deliver and capture value to and from their customers, and how does this relate to their business models?
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The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
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- 100% sure, 100% understanding
