E-Business Models and Innovation
Added on 2020-06-03
11 Pages3141 Words94 Views
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Business Models
Table of ContentsINTRODUCTION...........................................................................................................................1TASK ..............................................................................................................................................1Concepts of Business model.......................................................................................................1Innovation in the company because of various factors...............................................................1Various business models involved to the notion of an e-Business.............................................2Conceptualisation of the business Models..................................................................................3Used to solve static and dynamic issue......................................................................................4Brief conclusion Taking an example...........................................................................................6CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................8
INTRODUCTIONBusiness models is a plan for the operations which are successful for the business as itassist in identifying the sources of revenue. It includes the detail of financing as well as intendedconsumer base which assist in increasing productivity (Doleski, 2015). Business model includesthe broad range of description whether it is formal or informal which assist in representing theaspects of business such as purpose, target consumers, strategies, organisational structure as wellas operational processes should be used. Present report is based on Lidl is a global discountsupermarket chain. In the below mentioned report, discussion on the concept of business model. TASK Concepts of Business modelA business model helps in making a clear picture so that business can be operate in abetter manner. When, business entities using appropriate business model then this will help inproviding the values to their service users. If they are using best model then this will assist inmaking value proposition so that revenue growth along with the profitability can be expanded.Business models should used by manager of Lidl which helps the firm in generating morerevenue. Innovations on business model should depend on opportunity so that they can transformthe value proposition as well as revenue model of which helps in improving the thinking byusing system which is related to human value (Afuah, 2014).Innovation in the company because of various factorsIn Lidl, innovation is necessary on business models as it helps in creating a new path toattain the success. Creation of wealth is the important function of business entity and it helps indesigning economic changes which having a potential locus of innovation. When they design theappropriate business model then entrepreneur should include appropriate information as well ascommunication technologies (Casadesus-Masanell and Ricart, 2010). Manager of Lidl shouldfocus on competitive advantages from new venture as well as their internal stakeholders.Business models are adopt by employers which will helps in describing and classify the businessso that they can explore the capabilities for improvement or development in future. There arevarious functions of business model which includes in articulating the value proposition,identifying the market segment along with the revenue generation mechanism for Lidl. This will1
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