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Eship in Action 3: Dev. a Business Model - Entrepreneurship and Business Innovation - Flashcards
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What 5 circumstances often require a BM change?
What 5 circumstances often require a BM change?
1. Opportunity to address the needs of large groups of potential customers who are shut out of market (because solutions are too expensive or complicated) through disruptive innovation.
2. Opportunity to capitalize on a brand-new technology by wrapping a new business model around it (Apple and MP3 players) or the opportunity to leverage a tested technology by bringing it to a whole new market.
3. Opportunity to bring a job-to-be-done focus where one does not yet exist (FedEx focusing on speed and reliability over UPS).
4. The need to fend off low-end disrupters.
5. The need to respond to a shifting basis of competition.
The BMI process consists of four generic phases. What are those?
The BMI process consists of four generic phases. What are those?
1. An initiation phase to discover the need for innovation
2. An ideation phase to generate possible solutions and alternatives
3. An integration phase to elaborate and develop the possibilities identified in phase 2
4. An implementation phase to bring the solution to the market
What 2 types of metrics did Sanergy use?
What 2 types of metrics did Sanergy use?
1. Scale (key operational and social metrics (number of toilets/users))
2. Sustainability (measuring profitability at the business unit level)
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