Preview

Business Managaement

Powerful Essays
Open Document
Open Document
1063 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Business Managaement
Entertainment Business Models Assignment #1
First Four Elements of a Business Model

In order to understand whether a business model is effective, we need to be able to define a company or product line in the nine elements of the business model. We will apply these in assignments #1 and #3 for a specific company or product line, and present to the class for assignment #4. In the first assignment, we will choose a company or product line and apply the first four elements of the business model.

Choose a company or product line
From the following choices:

Electronic Arts: choose one of its gaming franchises (Battlefield or Sims series)
Netflix
CBS Corporation (owns CBS and CW networks)
Def Jam Records
Columbia Records
Universal Studios Islands of Adventure
An NBA team, such as the Chicago Bulls, Orlando Magic, LA Lakers, etc.

Cover the following sections with a header for each section:

REVIEW the text book and slides for the concepts applying to the first four elements. Research the product line or company and decide what information applies to each element.

1. Background Information
Write a narrative covering the following items in about 200 – 250 words total:

What is the main product line(s).
Division of the company that produced the product
Parent conglomerate, if applicable and how the product ‘fits’ within the larger company
Time-frame when the product line was launched
Other similar product lines by the company
Technological or social forces that impact the product’s development
Value of the franchise – sales, revenues, units sold, corporate valuation
Brief history of the company or product line – previous versions, problems, successes

2. First Four Elements of the Business Model – Two Parts A. Business Model Canvas outline:
First use the doc or spreadsheet version of the Business Model canvas to list the information for each element in short bullet points. (Type in the blocks). Think about what makes the

You May Also Find These Documents Helpful

  • Powerful Essays

    Mkt 500 Week 2 Assignment

    • 924 Words
    • 4 Pages

    1. Discuss the type of product the company will offer and identify its primary characteristics.…

    • 924 Words
    • 4 Pages
    Powerful Essays
  • Satisfactory Essays

    Week5BUS475

    • 266 Words
    • 2 Pages

    Resources: University of Phoenix Material: Business Model and Strategic Planning Outline; Innovation Business Model, Vision, Mission, Values; Supply and Value Chain; SWOTT Analysis; Balanced Scorecard; Communication Plan…

    • 266 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    The business model is working description that includes the general details about the operations of a business. The components that are contained within a business model will address all functions of a business, including such factors as the expenses, revenues, operating strategies, and marketing. Generally, anything that has to do with the day to day functionality of a business can be said to be part of the business model. Every business such as a childcare center has a business model that has business commerce, business occupation and business organization.…

    • 316 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Unit 9 D1

    • 1327 Words
    • 6 Pages

    a) You should design a table with reference to your particular product and evaluate the strengths, weaknesses, opportunities and threats.…

    • 1327 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    Bus/210 Week 1 Checkpoint

    • 255 Words
    • 2 Pages

    A local business that I frequent is Walmart. I go there on almost a weekly basis to get groceries and other necessities. The three main components of a business model are its business commerce, business occupation, and business organization.…

    • 255 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Strategic Innovation

    • 1253 Words
    • 6 Pages

    Chesbrough, H. (2010) Business Model Innovation: Opportunities and Barriers. Long Range Planning, 43 (2–3), 354–363. Retrieved 6/01/2013…

    • 1253 Words
    • 6 Pages
    Better Essays
  • Better Essays

    Business Model and Strategic Plan Part 1: Conceptualizing a new product or service division of an existing business.…

    • 1083 Words
    • 4 Pages
    Better Essays
  • Good Essays

    Vian

    • 999 Words
    • 5 Pages

    8. A business model describes how a company produces, delivers, and sells a product or service to create wealth.…

    • 999 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Business Administation

    • 2571 Words
    • 11 Pages

    1. Complete the table below with descriptions of at least two different features of a telephone system and how / when they would be used.…

    • 2571 Words
    • 11 Pages
    Good Essays
  • Satisfactory Essays

    Use the University of Phoenix Material: Business Model and Strategic Planning Outline as a guide to complete sections of your capstone project each week. A final paper is due in Week 5. Cite your resources.…

    • 378 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Business Management

    • 463 Words
    • 3 Pages

    What's missing in the performance management process seems to be everything: format, feedback, development, leadership, and mainly focus. Doing the process correctly. Giving the employees feedback. Have appraisals more than just once a year. Treat each employee at each store fairly. These things being done consistently, will help improve discipline and morale.…

    • 463 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Business Management

    • 928 Words
    • 4 Pages

    1. Complete the table below with descriptions of at least two different features of a telephone system and how / when they would be used.…

    • 928 Words
    • 4 Pages
    Satisfactory Essays
  • Good Essays

    Business Management

    • 856 Words
    • 4 Pages

    8. Assume you are compiling your research report. What are the limitations of this study?…

    • 856 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Business Management

    • 706 Words
    • 2 Pages

    1) Dicuss Pandora Media in terms of risk, uncertainty, and how its managers handled the company’s challenges. What is the current news on this company? The meaning of a business operating under conditions of uncertainty is the lack of pertinent information and cannot estimate accurately the likelihood of different results of their actions. Pandora media provides internet radio services in the United States. Some of Pandora’s risks that would lead to the company’s probability of success would be the uncertainty at the core of finance. Meaning, even though Pandora’s music service has grown to 80 million registered users and a database of over 800,000. They still lack to generate sufficient revenue to turn a profit due to the economy. Managers handle the company challenges by modifying its original commitment to the free radio model, offering users an alternative. Listeners who would prefer to skip the advertising have an option to pay $36 per year for ad-free streaming of their music.…

    • 706 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Avon.Com Case Study

    • 1679 Words
    • 7 Pages

    1. Use business model frame work to Compare Avon’s business model and compare it to Mary Kay cosmetics and Yves-Rocher.…

    • 1679 Words
    • 7 Pages
    Good Essays