Preview

The Business Model

Good Essays
Open Document
Open Document
1266 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
The Business Model
The Business Model

* Based on your reading of Chapter 4 from the Hess book, "An Elevator-Pitch Business Model," and the "Why Business Models Matter" article, complete the following:

a. Write a concise two-sentence "elevator pitch" customer value proposition for your real-world business. (You can use the examples in the Hess book as a guide.)

We will offer services to assist customers acquire any type of property to be used in any kind of way that is responsible to the needs of all parties and governments. Delivering exceptional results by constantly improving on service and processes, being accountable for culture, a winner’s intensity, and innovation that endears a strong service ethic.

b. Then, incorporating your elevator pitch, expand it to a full but still crisp business model description, or "story," as Magretta refers to it.

Establishing a business to satisfy the needs of a community or region through the practice of ethical behavior and providing individuals or business that desire to acquire property locally or globally quality in service and process through the transaction process. We offer services to the acquisition of any type of property to be used in any kind of way that is responsible to the needs of all parties and governments

Uncontested Market Space Strategy—First Pass

Hamel and Prahalad (2005) write, "The strategist's goal is not to find a niche within the existing industry space but to create new space that is uniquely suited to the company's own strengths—space that is off the map." Based on your reading of the articles "Value Innovation: A Leap into the Blue Ocean" and "Strategic Intent," in two paragraphs, apply the thoughts of the authors and describe how your real-world business attempts (or will attempt) to create new competitive "uncontested market" spaces, and what the primary challenges to such a strategy are or will be. Be specific.

Strategic intent will be to grow the

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Activity Problems MPC

    • 367 Words
    • 2 Pages

    1. Draw and describe the Business Model for Case 2 (see Seminar 1 for how to draw a business model)…

    • 367 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    A local business that I frequent on a daily basis is Walmart, and will be explaining the types of business systems there are and how they incorporate them within the company. The three main components of a business system are: business commerce, business occupation, and business organization. All three of these components are significant to running a business, and some companies use some parts more than others.…

    • 633 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Robin Hood Memo Case

    • 327 Words
    • 2 Pages

    While attending a recent conference, one of the speakers discussed the roles values, social contract theory and stakeholder analysis play in creating a business model. We request your consulting services for the following work scope.…

    • 327 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    P1 P2 Unit 36

    • 243 Words
    • 2 Pages

    b. The second slide should give a brief description of what good / service you will provide.…

    • 243 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    RQ3 What role do value propositions perform in successful business models? At least 2 paragraphs.…

    • 212 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    Week 4

    • 502 Words
    • 3 Pages

    Prepare a script for an elevator pitch (not more than five minutes long) for the business plan developed in Assignment 3.…

    • 502 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    Business Modeling

    • 2408 Words
    • 16 Pages

    CERTIFICATION OF AUTHORSHIP: I certify that I am the author of this paper and that any assistance I received in its preparation is fully acknowledged and disclosed in the paper. I have also cited any sources from which I used data, ideas or words, either quoted directly or paraphrased. I also certify that this paper was prepared by me specifically for this course.…

    • 2408 Words
    • 16 Pages
    Better Essays
  • Satisfactory Essays

    The business as commerce for Wal Mart is that of trade; the exchange of products using money…

    • 407 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    At past AASB 139 provide that the financial assets are classified based on four categories, each category apply to different conditions and measurement standards, the new standard AASB 9 simplify the classification and measurement of financial assets base on two categories: the objective of the entity’s business model for managing the financial assets; and the characteristics of the contractual cash flow.…

    • 288 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    The Zipcar case was developed to permit students to closely track the development and evolution of a company’s business model in the very early stages of its life. The case describes the development of Zipcar, a car-sharing service located in Boston, but with national ambitions. The case includes the very first version of a financial model for the business, a version that was developed after significantly more research and which served as the basis for funding and actually starting the business; and finally, the case provides data from the first few months of operations which must then be played back against this articulation of the business model to determine how the company is faring. The key to the case is to have students articulate various views of the company’s business model. Of course, while there is no single right answer to this, there are several approaches that yield significant insights into the attractiveness of the potential venture. These insights are both analytic and managerial; analytic in the sense that they give us some measure of understanding what is going on and what is important; managerial in that they should give Chase and others some sense for what key variables or levers they need to focus on and control in order to make this business successful.…

    • 424 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    1. Product- What is the product that you are selling? Is it unique? What makes it desirable?…

    • 1686 Words
    • 7 Pages
    Good Essays
  • Good Essays

    ` Outline for Preparation of Manual Title Page A. Name of product to be sold. B. Name of company you are selling for. C. Course name and number. D. Your name and date.…

    • 520 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The article “Reinventing Your Business Model” talks about the importance of adapting effective business model in shaping the success of the business. He talks about the success and failure stories of different businesses where the thin line between the success and failure of firm had been effective business model which fits with the business. Firms like Apple, Wal-Mart are able to generate large profits and even reshape the definition of business just by innovating new business model. Even survey has shown that business CEO’s are preferring business model innovation rather than service or product innovation.…

    • 844 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Value proposition Revenue model Market opportunity Market opportunity Competitive environment Competitive advantage Market strategy Market strategy Organizational Development Management team…

    • 7329 Words
    • 30 Pages
    Good Essays
  • Satisfactory Essays

    * Employee’s performance was evaluated through observations and an interview with a chef or manager…

    • 280 Words
    • 2 Pages
    Satisfactory Essays