Designing Business Model
13 important questions on Designing Business Model
What is the definition of Business Model?
- A framework in which entrepreneurs can examine their business plans and explore alternative ways for their companies to function and grow profitably while building barriers to ward off competitors.
- A description of how your company intends to create value in the marketplace.
- The way a company applies knowledge to capture value.
What are the two Frameworks/Tools to construct a Business Model?
What is Market Segment?
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What is the function of Value Chain?
What is the function of Cost Structure and Profit Potential?
What is Collaborative Filtering?
Mentions some illustrated frameworks to stimulate of Business models.
- Capturing value in the Supply Chain
- Using Databases to create value
- Locking-In Customers
- Licensing and Franchising
- Outsourcing Resources
What is the function of Competitive Strategy?
What are the nine key topics in the Business Model Canvas?
- Key Partners
- Key Activities
- Value Propositions
- Key Resources
- Revenue Streams
- Customer Relationships
- Customers Segments
- Channels
- Cost structure
What is Licensing and Franchising?
What does a License Agreement includes?
- The licensor and licensee are identified together on the basis of their reasons for entering into the agreement.
- The licensed intellectual property (IP) is precisely defined.
- The granted rights to the IP are carefully defined.
- The "territory" allowed for practice of the rights are defined.
- The level of exclusivity is defined.
- The licensee pays fees to the licensor.
- Other terms
- Licenses can be a key component os a business model.
What types or fees are there to licensing for licensee?
- Up-front fee
- Running royalties
- Advances or minimums
What does a Franchise Agreement includes?
- The franchisor and franchisee are identified together for the reasons that they are entering into the agreement.
- The business of the franchise is stated, and the deliverables that the franchisor must provide to the franchisee are specified.
- The franchisor may offer to fund part or all of the start-up costs.
- The commitments of the franchisee are defined.
- The franchisee pays fees to the franchisor.
- Items stating under what terms a franchisee can sell its business.
- Other terms
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
- Get the grades you hope for
- 100% sure, 100% understanding
