September 30, 2015
by Imran Haraish
Comments Off on Why Business Plans Fail?
A business plan could fail for one of many reasons ranging from lack of information such as not conducting or including any primary research, the executive summary is unclear, or being heavily dependent on intellectual property as the only means to retain customers. Also a business plan should not be too long (over 25 pages) and must … Continue reading Why Business Plans Fail? → Continue reading
September 17, 2015
by JIAWEN WU
Comments Off on Business Models
There are many ways to describe business models. One of my favorite from the book is that “A business model is a description of how your company intends to create value in the marketplace. It includes that unique combination of products, services, image, and distribution that your company carries forward. It also includes the underlying […] Continue reading
September 16, 2015
by Imran Haraish
Comments Off on designing business models
WHAT DEFINITION OF BUSINESS MODEL DO YOU FIND MOST USEFUL AND WHY? I actually find both versions of the business model very useful. The first model gives you the steps needed to make sure your product/ service will survive in the market. It allows you to identify the competition so you can create a business … Continue reading designing business models → Continue reading
September 16, 2015
by dl106040
Comments Off on Designing Business Models
A business model is most essential to entrepreneurs. My favorite description of a business model is that it provides framework, where entrepreneurs can analyze their business plans and look for other ways for their companies to function and grow profitably while building barriers to ward off competitors. Although this is a long a boring definition, I think … Continue reading Designing Business Models Continue reading
September 16, 2015
by Ria Zouroudis
Comments Off on Blog post #3 : Designing Business Models
1.A business model is the framework of a business. It is the way a business is built and how the creators or innovators feel like it will add value to the lives of people that will use it. The main purpose of a business model is to be able to capture the idea of […] Continue reading
September 16, 2015
by gd079324
Comments Off on Designing Business Models
What definition of business model do you find most useful and why? Both definitions of a business model include increasing value to your company, which in my opinion is one of the most fundamental points in a business in order for it to be successful. The first definition, “A business model is a description of […] Continue reading
September 16, 2015
by na134373
Comments Off on Chapter#3: DESIGNING BUSINESS MODELS
QUESTION 1: WHAT DEFINITION OF BUSINESS MODEL DO YOU FIND MOST USEFUL AND WHY? First, to me, both definitions are pretty much the same; however, I find the first one to be most useful because it clearly states that a company must create value through not just the combination of products, or services image but […] Continue reading
September 15, 2015
by Daniel Kvist
Comments Off on Designing Business Models
From the two business models, “The Five Component Model” and “The Business Model Canvas”, I personally prefer the last of those two. You may ask why? Well, to me the canvas model seems more thorough. The model is based on research, and it is suggested that the model is made in teams. I see myself […] Continue reading
September 15, 2015
by na134373
Comments Off on The Art of Innovation
QUESTION 1: WHY IS INNOVATION IMPORTANT, AND HOW IS IT CHANGING? Innovation is important because we live in a globalized world, in a world where people from different countries find themselves interchanging products or services, cultural ideas and beliefs, as well as work ethic between each other. Because the market place is always changing a company’s […] Continue reading
September 15, 2015
by na134373
Comments Off on BLOG POST #1
QUESTION 1: DO YOU THINK ENTREPRENEURSHIP AND SMALL BUSINESS ARE DIFFERENT? WHY? I think that Entrepreneurship and small business are different; however, at the same time one is present in the other. For example, a Small business was able to be created because someone was an entrepreneur. Without entrepreneurship a business regardless of its size, […] Continue reading