Benefits And The Limits Of Two Business Model

D1: Evaluate the reasons for the success of two contrasting businesses, reflecting on evidence gathered.

A business model is an important and integral part of the business a strategy of any firm whether big or small. The way a business model is developed determines and indicates the values, ethics and principles on the lines of which the business at large will be operating. It also indicates how the business is going to function and covers various internal and external dimensions of a business and the organization as a whole.

Business model entails many facets. To narrow down the meaning of business model, it refers to the way businesses intend to create products to sell and to generate revenue in a particular industry (Ovans, A., 2015). As business decided elements necessary to accomplish goal and objectives, they must consider many factor that influence business models. According to Band (2009a), people, process & strategy effect business models. People effects business models through skilled or unskilled employees, organizational structures and incentives. Studies found that user adoption is the top problem that organizations face when implementing CRM solutions. Lack of training and education compound implementation CRM solutions. Change in

This paper will discuss the business chosen for the assignment. A mission statement will be developed, setting the business apart from others in the same or similar market. The vision statement will also made, discussing the direction the business wants to take in the future. Other topics such as, principles or values will be discussed. Concluding the paper will analyze the mission and vision statement, and values in guiding the business in a strategic direction. Followed by an evaluation of customers need in giving the competitive advantages.

The study looks in-depth at the direct effect of new ideas on the progress of any business. The study focused on trying to look past the overt benefits like profit, dividends, revenues etc. that a new business model would bring to a striving organization. The study researched into the adaptability of many of these companies interest into entering the always changing local and international markets, and also what steps that would need from each model to be successful in doing so. It also showed that trust is part of making strong business sense decision.it also spoke of developing more business links and better understanding of standard principles were fostered by the incorporation of new ideas into any business. This study was useful in the sense that it uses a business model which allows companies to follow a business plan and not to go into a major business idea without a sound thought process.

Business consists of all profit-seeking activities and enterprises that provide goods and services necessary to an economic system (4). The cosmetics industry plays a significant part in the economy, and professional makeup artists are more in demand than ever before. Small firms give businesspeople the opportunity and outlet for developing new ideas (131). The business owner I chose to interview is Mahogany Williams, owner of MazeMe Concept LLC. MazeMe Concept is a small, two-person, image consulting firm that is dedicated to assisting clients in developing the confident and individual style that they desire. At the encouragement of family and clients, Ms. Williams opened up her business, which first started out as a hobby. She is the sole proprietorship of her company, which is defined as the simplest and most common structure chosen to start a business (144).

Thus, my purpose will be to point out some structural and essential aspects for the understanding of the problem, regardless of the concrete analysis of such a “business”.

Being innovative does not only mean inventing. Innovation can mean changing the business model and adapting to changes in the environment to deliver better products or services. Successful innovation should be an in-built part of a business’s strategy to create a culture of innovation and lead the

The business model canvas is an excellent choice for businesses to use when starting a business. It was created by Alex Osterwalder and Yves Pigneur. The Business Model Canvas, is a strategic management and entrepreneurial tool and it allows you to describe, design, challenge, invent, and pivot your business model (The Business Model Canvas, 2015).

The company has beliefs that the custom printing will target a huge segment of clients, who are in need of quality printing. The management team wants to serve a competitive price depending on the design.

Coca Cola is a soft fizzy drink sold in every store throughout the world. It is produced by The Coca Cola Company of Atlanta in Georgia, and is often called as Coke.

A business model is a company’s perception and conception of how the set strategies that a company pursues

As mentioned in the article, a good business model tells a good story. Effectively communicating an organization’s business model and strategy to all the members (employees) of the organization can enhance the company’s performance. By understanding where each individual stands and how they contribute to the value chain,

However, this paper chooses this definition as theoretical perspective of analysis for this paper subject to the following modifications: A business model is overall framework and philosophy by which a company (intends or) creates value in the market place through enhancement of its own combination of raw or in-put materials to create products (tangible and intangible including services), product packaging and systematic distribution in order to generate some or the best possible profit.

This section of the proposal requires classifying the category or business discipline in which the proposed business would fall in. In my view in order to develop or introduce a new product/service Ansoff’s Business Matrix would be a good strategic approach to screen and narrow the choices. This tool will be helpful in effective business planning.