Business Management and Strategies - Essay Example

Only on StudentShare

Extract of sample
Business Management and Strategies

Some models mean the same thing but are given different names by their creators. With the evolution of the internet, many new models have emerged. At the same time, some do not stay long and have gone. Rappa (no date) identifies nine generic forms of business models, including the brokerage model, advertising model, infomediary model, merchant model, manufacturer model, affiliate model, community model, subscription model, and utility model. Timmers (1998) classifies business models by positioning them along the two dimensions of the degree of innovation and functional integration. In Novak and Hoffman (2001)'s customer-centric framework, for any business model to be successful, it must integrate customer models, value models, and revenue models. ...
Download paper


Rappa (no date) defines a business model as "the method of doing business by which a company can sustain itself - that is, generate revenue. The business model spells-out how a company makes money by specifying where it is positioned in the value chain." Timmers (1998) adopts a broader perspective to include other stakeholders and defines a business model as "an architecture for the product, service and information flows, including a description of the various business actors and their roles; and a description of the potential benefits for the various business actors; and a description of the sources of revenues." Novak and Hoffman (2001), without departing from the common elements of revenue…
Author : tdubuque

Related Essays

Business strategies
The aspect of employing diversification strategy is viewed as one of the effective as well as proficient business tactics, which assists the organisations to grow considerably in future. The word ‘diversification’ is typically linked with a specific transformation especially in the features relating with the aspect of product line or the business market of a business organisation. The major objective of implementing the facet of diversification strategy is to introduce new product in the business market along with attaining significant market share (Ansoff, n.d.). As a matter of fact,...
11 pages (2761 words) Essay
Business Strategies
Therefore, it is capable of getting large and deep discounts from the suppliers, thus giving the company an augmented purchasing influence as compared to the retailers. By making more sales and fast stock turnover, the company collects imbursement from clienteles before the dealers payments due date (Thompson, 2009). Hence, Costco gets more markdowns on cost and pass the reserves on to the consumers by reducing the prices. Additionally, the threat of out of date stock, one of the foremost fiscal problems, is reduced. The main fundamentals of Costco’s policy are a reduced price, restricted...
7 pages (1757 words) Assignment
Business Strategies Paper
Organizational strategy therefore requires that all business units, support units and employees are aligned and linked with the business strategy. The most important management responsibility in this context is to design, create and implement organizational strategies which are best suited to the demands of the market, its customers and the business model. However, since the competitors in the market would also have access to the same or similar information and might develop the same strategies, it is crucial that it must consider its organizational design as its most important strategic...
9 pages (2259 words) Research Paper
Business Strategies
The target market of a company is women aged from 25 to 54 who have children and a sufficient income to spend on their products. The company strategic approach is built around the convenience and price suitable for its customers. Under this strategy, company has built its stores in a boxlike structure where shoppers can use carts to browse throughout the stores. Strategic management strategy of Kohl’s Corporation plays a vital role in maintaining the company’s profitability even in adverse situations. The customer’s taste and preferences are changing regularly, which can directly affect...
6 pages (1506 words) Assignment
Analyzing Management Strategies
The model of management as guided by the theory of TQM supports process ownership in a manner that cultivates team work and eliminates any forms of hierarchies that impede the quality of work through bureaucratic challenges and structural disconnection of the processes within the organization. It is important to consider the fact that some of the issues that attend to the processes of TQM depend on the nature of management and the organizational structure of the firm. On this score, the organization must manage its internal processes in a manner that cultivates harmony across the various...
4 pages (1004 words) Research Paper
Risk Management Strategies
As a result, more and more small companies are turning to a strategic approach as the way forward. Therefore, it is conclusive that risk planning has a very high significance in the risk management model, and, as secondary research shows, larger firms have more sustainability because they focus on risk planning and opportunity development. A firm's behavior in planning is also affected by the perception of its environment and size, as well as the nature of its activities, but not on the firm's performance.
6 pages (1506 words) Essay
Essay Title Management tools SWOT and PEST are used by managers to inform decisions regarding business strategies. Discuss the usefulness and limitations of these tools in relation to a chosen organisation, providing commentary on how managers may overco
SWOT analysis enables the company to determine its weaknesses and strength as compared to its major competitors. It aids the company to determine areas of competitive advantage. SWOT analysis gives four viable fields of strategic objectives, which include strength, weakness, opportunities, and the threat.
4 pages (1004 words) Essay
Got a tricky question? Receive an answer from students like you! Try us!