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BUSINESS 2020- Business Models and Development

9 Pages2015 Words59 Views
   

The University of Sydney

   

Business Development (BUSINESS 2020)

   

Added on  2020-03-04

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The below essay ensures to addresses the distinct concepts and relevant investigations about e-business archetypes, active business models, and cost or revenue models for promising developments.

BUSINESS 2020- Business Models and Development

   

The University of Sydney

   

Business Development (BUSINESS 2020)

   Added on 2020-03-04

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Running head: BUSINESS MODELS AND DEVELOPMENTBUSINESS MODELS AND DEVELOPMENTName of the studentName of the universityAuthor note
BUSINESS 2020- Business Models and Development_1
1BUSINESS MODELS AND DEVELOPMENTA business model conceptually in the medium of texts, presentations, tabulations orcharts delivers the structure, objectives and adapted procedures of an organization, supporting inthe gain of social, economic or cultural stature. Theoretically or practically, the model highlightsthe insight of any venture by understanding its strategies, customer base, managerialimplications, infrastructure, trade policies, outbound and inbound sourcing procedures. Literaturereviews provide various informal and formal descriptions of the same, emphasizing on theelaboration of the use of the models in the enactment of commercial promotions. Relative toentrepreneur set up as well as is beneficial for the management department for futureimprovisation; these are highly practiced in any invested venture (Zeleti, Ojo & Curry, 2016).This essay ensures to address to the distinct concepts and relevant investigations in reference toe-business archetypes, active business models and cost or revenue model for promisingdevelopments. Figure 1:BusinessModel Aspects.(Source: Amit & Zott, 2012).
BUSINESS 2020- Business Models and Development_2
2BUSINESS MODELS AND DEVELOPMENTElaboration on the three distinct models and their concepts is the next topic in discussion.Firstly, elaboration on the E-Business model gives a brief description of the same, stating it is aprocedure to conduct a venture on the internet. E-Commerce plays a vital role as a strategicmove in this process. Involving purchase, promotion, supplies, and services revolving a product,towards their potential and existing customers are the main objectives. In addition to which thepayment procedures, production management and business collaborations are also under focus(Gloor, 2012). The model for this category comprises the basics as well as the revenue itgenerates and expenses involved. Few aspects surrounding the components of the model arebriefed. Code of value proposal: this field highlights the ways a product or the service benefits thecustomers. Revenue Model: concentrates on the company’s profit generation. Market Position:the revenue field helps in charting the competencies and the brand position. Competitors’Analysis: this lists down all the potential contemporaries in the same category, identifying thechallenges and advantages. Venturing Strategy: this field describes the ways to attract its targetaudience and Managerial Implications, responsible for the future growth and organizationaldevelopment are strategized. Proceeding towards the business model on an active perspective enforces theconsideration of the existing literature on business models comprising interdependent decisionsthat surpasses the initiated focus and stretches the limiting points analyzing the possiblecapabilities to improvise in sense of brand positioning and future collaborations. Advantages ofthe simulation help to evaluate new procedures and proposed categories. Prior to the implicationof any proposal in reality, it examines the impacts and since it provides a reality check, it bringsout the possible uncertainties and diversities revolving the probable implications. Relevant
BUSINESS 2020- Business Models and Development_3

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