Concept of Business Model
Added on -2021-02-21
| 12 pages| 3904 words| 44 views
Trusted by 2+ million users,
1000+ happy students everyday
Showing pages 1 to 4 of 12 pages
ABP E-BusinessPopular
TABLE OF CONTENTSINTRODUCTION ..........................................................................................................................3MAIN BODY...................................................................................................................................3Business model concept ..............................................................................................................3Issues faced in Online Business...................................................................................................9CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12
INTRODUCTION E-business can be defined as an organization which all most facilitates onlinetransactions. It can also be referred to as an enterprise which sells goods or services online. Theadvancement in technology such as social media platform is the main factor which has given riseto the such type of business. There is continuous increase in the number of b E- business withthe development of technologies. In addition to this, many of the firms has marked onlinepresence and given rise to stiff competition. Innovation has become very much significant forfirms in order to maintain their online presence. Many of the enterprises are marking the onlinepresence and developing new products in order to attract customers. The report will include the application of the business Canvas model for three businessthese are Graph core, business entity develop hardware system for accelerating machine learningand Businesses entity is located in UK. Other organization is endy sleep which is among thelargest only direct selling mattress enterprise based in Canada. The third firm is Dockatot whichis a Swedish organisation sells multi functional lounging , resting and snuggling dock. Studyalso emphasizes on analysing the way these all companies are providing the high valuepropositions to their customers.MAIN BODYBusiness model concept Business model can be defined as clear picture or idea about the way business operates.It can also be considered to be as a way to translate the value proposition in order to earn highrevenue or profit. The rapid advancement in the technology has given rise to new business modelsuch as E-business as well as E-commerce. Business model can also be referred to as theconceptual framework which supports the viability of goods or organization. An selection of theproper business model is very much essential as it represents the objectives as well as goals offirm. In addition to this, success as well as growth of enterprise is also completely based on itsbusiness model (Benitez, Teo and Ajamieh, 2018.). Business model is considered to be as a corestrategy which is used by an organization for increasing profitability. The main objective of all types of organization is to earn high profit, an enterprise canachieve such target by providing the high value proposition to customers. Unique types ofstrategies are adopted by different types of firm in order to provide customers with high valueproposition to clients. In context of the Graphcore, it is an enterprise which makes machine
intelligence application. It is the application which assist in lowering the cost of artificialintelligence in the cloud as well as data centre. The innovative machine intelligence helps inbringing improvement in the performance as well as efficiency of artificial intelligence systemimplemented. It is the application which consist of highly parallel computational resources withgraph software tool which assist researchers in exploring machine intelligence and help them infinding solutions. An intelligence processing unit is one of the innovation done by Graphcorecompany (Morris, Roberson and Clay, 2019). Business objective of Graphcore organization is toearn high profit as well as revenue. The business canvas model of Graphcore company :Key partners: Graphcore company has form partnership with investors which has providedfirm an ease in accessing the financial resources that are required for fulfilling the businessneeds. Few partners of the Graphcore company are Del, Dosch, Meridian , Microsoft etc. allthese are the biog organization which has supported Graphcore in earning high profit as well asrevenue. Strategic partnership strategy has assisted an enterprise in gaining the competitiveadvantage. It is the partnership strategy which has provided firm an ease in developing theunderstanding about market and help business entity in identification of suitable techniques forattracting customers. Joint venture is the strategy which can be adopted by Graphcore as thistactic will assist them in getting access to other types of resources which are required forexpansion of business.Key activities: In context of graphdore the key activity of an organization is to built totally newprocessor for computers. Other key activity of an enterprise is to produce as well as sell software.An enterprise also provides the technical solutions top other big Companies.Value propositions: Graph core provide the high value proposition to customers by developingnew procedure which enables them to live healthier as well as more creative life. In addition tothis, an organization provide innovative solution related to the technical problems to customers atlow costs (Vilnai-Yavetz and Levina, 2018). In context of Graphdore, an enterprise firstaddresses the requirement of target customer group by conducting the market research and offersclients with customised applications or software. In addition to this, the manager in Graphdoreorganisation apply all the elements of the marketing mix in appropriate manner which has helpedan enterprise in accomplishing desired objectives. For instance, in context of Graphcore, the newIPU system design by an enterprise has assisted its customers in identification of computationalchallenges in machine intelligence. In context of Gaphdore, an organization provides their
Found this document preview useful?
You are reading a preview
Upload your documents to download
or
Become a Desklib member to get accesss
Paid Plans
Free Plan
Single Unlock
Monthly Plan
Yearly Plan