This report analyzes the business model canvas of ZOOX self-driven car company, identifying strategies and critical success factors. It also suggests changes required for effective problem-solving.
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Running head: BUSINESS MODEL DECONSTRUCTION Business Model Deconstruction Name of the Student Name of the University Author note
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1 BUSINESS MODEL DECONSTRUCTION Executive Summary The report has helped in understanding the business model canvas of ZOOX self-driven car company wherein the different kind of strategies has been identified. The different kind of critical success factors has been analysed with the help of BMC that has helped the company in solving the different problems and this has helped the entire organization in implementing the contribution to downside risk as well. There are different changes that has been analysed in the company that will help the company in solving the different issues in an effectual manner.
2 BUSINESS MODEL DECONSTRUCTION Tableof Contents Introduction................................................................................................................................3 Overview of ZOOX Company...................................................................................................3 Products and services offered by ZOOX Company...................................................................4 Management Team of ZOOX Company....................................................................................4 Business Canvas Model of ZOOX Company............................................................................4 Relationships between Nine Building Blocks of BMC..............................................................6 Critical Success Factors in ZOOX Company.............................................................................7 Contribution to downside risk....................................................................................................8 Changes required in ZOOX Company.......................................................................................8 Conclusion..................................................................................................................................9 References................................................................................................................................10
3 BUSINESS MODEL DECONSTRUCTION Introduction The report helps in analysing and identifying the business canvas model of ZOOX Company that is self-driving car company. The different kind of analysis is required to be done on the analysis of the strategies along with the critical success factors that will help in understanding the issues and solve them in an effectual manner. The main aim and purpose of the report is to understand the different kind of strategies that has to be adopted by company as to solve such issues related to different factors in nine building blocks. The relationship between the nine building blocks has to be analysed in an effectual manner that will help the company in implementing such changes in the organization in an effective manner. The structure of the report includes the different kind of strategies that has to be analysed along with identification of relationship between the nine building blocks of BMC of the respective company. The changes has to be analysed and implemented as to understand the issues and solve such issues effectively with the analysis of the critical success factors. Overview of ZOOX Company ZOOXis a self-driven car organizationthatis an autonomousstratup driving company that is based in Menlo Park, CA. ZOOX is one of the car companies that has been founded in the year 2014 and this is performing quite well in the entire competitive market as well. ZOOX is a self-driven car company wherein this has been operated as driverless car wherein that provides an automated solution to the customers in an effective manner. The respective company has provided the customers an advanced technology that has satisfied the requirements of the customers in an effectual manner ("Zoox", 2018).
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4 BUSINESS MODEL DECONSTRUCTION Products and services offered by ZOOX Company There are different kind of products and services offered by the respective company named ZOOX wherein they will offer the different kind of robo-taxi services and this has provided the customers with different kind of services in comparison to the different competitors in an effectual manner(Klang, Wallnöfer & Hacklin, 2014). As it is a start up business of ZOOX, it has tried in understanding the different moves of the competitors as this has helped them in implementing different robotic strategies that has helped the company in gaining proper competitive advantage in the market(Schaltegger, Hansen & Lüdeke-Freund, 2016). Management Team of ZOOX Company The management team of the ZOOX Company includes the Tim Kentley Klay who is the founder of the company. He is the founder of the company who has started the start up business of self-driven technology car that has been popular in the entire market. The entire management team of the company has been trying hard in order to gain competitive advantage in the market and this has positively influenced their company as well in the competitive market(Souto, 2015). Business Canvas Model of ZOOX Company Key Partner Information Technology Partners Other automated or roboticscar companies Key Activities Proper marketing, salesand production Innovative strategies Value Proposition Properand ultimate driving experience Fullelectric Customer Relationship s Alwaysby the side of the customers Assistance of Customer Segments Performancekind of drive Brandconscious individualswho
5 BUSINESS MODEL DECONSTRUCTION Partnersofthe supply chain Visionaries havebeen appliedfor different kind ofbetter experiences thatcanbe providedto the customers in the market Proper development offuturefor mobility Acceleration of time of the vision and automated driving services Remotekind ofservices thatinclude carandlock comfort Connected kind of drive wherein chargingand parkingis included theco-pilot driver love sports Qualityminded individuals Key Resources Manufacturi ngsystemis agilein nature Channels Different dealers Online bookingthat isrentalin nature
6 BUSINESS MODEL DECONSTRUCTION Properand efficient kind of dynamics ZOOX brand Talented individuals whohave entire knowledge on robotics Thereare different third-party service providersof mobility Cost Structure ď‚·R & D ď‚·Exploration along with innovation ď‚·Marketing and sales ď‚·Training of the different individuals ď‚·Production team Revenue Streams ď‚·Rental and leasing fees ď‚·Car sales ď‚·Maintenance and service of the car Relationships between Nine Building Blocks of BMC Proper relationship is required to be present among the nine building blocks of the business canvas model of ZOOX automated and self-driven car company(Dijkman et al., 2015). Proper and effective communication is essential in nature as this will help in understanding the different kind of requirements in the organization and it is a proper organizational development tool. The key partners are essential as they help in creating alliances with the different partners(Bocken et al., 2014).
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7 BUSINESS MODEL DECONSTRUCTION Similarly, the key activities are essential in nature as they provide understanding of the entire value proposition of the company in an effectual manner(Foss & Saebi, 2017). it is a problem-solving approach that helps in analysing the new and existing customers. The value proposition helps in meeting the demand of the customers(DaSilva & Trkman, 2014). Proper customer relationship is essential in nature wherein this will help in focusing more on quality of the products and services provided to customers(Sinkovics, Sinkovics & Yamin, 2014). Proper customer relationship is essential in nature wherein this helps in interacting with the customers and this helps in satisfying the needs of the customers. The channels are essential in nature in BMC wherein it includes awareness about the different products and services that will help in increasing the revenue of the company in an effectual manner. Proper and minimum turnover is essential in nature as this will help in gaining proper insight into the customer segments in an effectual manner(Joyce & Paquin, 2016). Lastly, proper cost stream has to be maintained by the company wherein this will help in understanding the different kind of resources in an effective manner. the different kind of issues has been analysed and it has been solved in an effectual manner as well. Critical Success Factors in ZOOX Company There are different kind of critical success factors of the Ford Motor Company that has to be analysed in an effectual manner. Proper analysis is required to be done as this will help in understanding the different kind of issues and solve them effectively and gain critical success factors. Proper distribution network is one of the critical success factors that has to be ascertained by ZOOX Car Company wherein they will help in understanding the behaviour of the dealers of the car company. Like the different kind of auto dealers
8 BUSINESS MODEL DECONSTRUCTION and corporations, it is essential in nature for the company to provide positive image of the company in an effectual manner(Aversa et al., 2015) Proper compliance and flexibility is essential and required in the company wherein this will help the company in understanding the different factors that will help them in meeting the different requirements of the customers in the market effectively Proper cash flow has to be maintained by the company wherein proper analysis is required to be done in order to achieve sustainable cash flow and this will help in understanding the issues and solve them effectively. Proper costs has to be kept under control wherein the respective company will be able to provide proper and accurate kind of discussions in the company in an effectual manner Contribution to downside risk There can be different kind of risks that has to be faced by ZOOX Car Company wherein the regulation is one of the factors that can affect the supply chain of the company in a negative manner. There can be big swings in the regulation of the car company that can cause huge issues in the organization. Secondly, the demand of the consumers keeps on changing that can cause huge issues in the organization wherein this can affect the company and the supply chain has to be designed in an effectual manner. Lastly, there can be different issues in the value chain management of the company wherein this can cause huge issues in the production of the cars as per the demands of the customers. Proper mitigation is required to be done with planned flexibility as this will help in solving the different issues and this can help the company in understanding the issues effectively as well.
9 BUSINESS MODEL DECONSTRUCTION Changes required in ZOOX Company There are different kind of changes that is required to be done in the company if I was the owner. I would have tried to understand the different kind of demands and preferences of the customers in an effectual manner that would have helped me in meeting such demands. I would have tried to manage the issues with flexibility as this will help in gaining competitive advantage in the entire market. Conclusion Therefore, it can be concluded that proper analysis has been done wherein the relationships between the nine building blocks is essential in nature. There are different downside risks faced by the company that has been solved with proper utilization of different kind of resources in an effectual manner. Proper changes have been described effectively as this has helped the company in understanding issues and solve them effectively. There have been proper analysis of the company wherein the different necessities has been described that has provided proper analysis of the different kind of issues and solved them with utilization of resources that will help in understanding the situation and develop course of actions accordingly as well.
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10 BUSINESS MODEL DECONSTRUCTION References Aversa, P., Haefliger, S., Rossi, A., & Baden-Fuller, C. (2015). From business model to businessmodelling:Modularityandmanipulation.InBusinessmodelsand modelling(pp. 151-185). Emerald Group Publishing Limited. Bocken, N. M., Short, S. W., Rana, P., & Evans, S. (2014). A literature and practice review to develop sustainable business model archetypes.Journal of cleaner production,65, 42-56. DaSilva, C. M., & Trkman, P. (2014). Business model: What it is and what it is not.Long range planning,47(6), 379-389. Dijkman, R. M., Sprenkels, B., Peeters, T., & Janssen, A. (2015). Business models for the Internet of Things.International Journal of Information Management,35(6), 672- 678. Foss, N. J., & Saebi, T. (2017). Fifteen years of research on business model innovation: how far have we come, and where should we go?.Journal of Management,43(1), 200-227. Joyce, A., & Paquin, R. L. (2016). The triple layered business model canvas: A tool to design more sustainable business models.Journal of Cleaner Production,135, 1474-1486. Klang, D., Wallnöfer, M., & Hacklin, F. (2014). The business model paradox: A systematic reviewandexplorationofantecedents.InternationalJournalofManagement Reviews,16(4), 454-478. Schaltegger,S.,Hansen,E.G.,&Lüdeke-Freund,F.(2016).Businessmodelsfor sustainability: Origins, present research, and future avenues.
11 BUSINESS MODEL DECONSTRUCTION Sinkovics, N., Sinkovics, R. R., & Yamin, M. (2014). The role of social value creation in businessmodelformulationatthebottomofthepyramid–implicationsfor MNEs?.International Business Review,23(4), 692-707. Souto, J. E. (2015). Business model innovation and business concept innovation as the context of incremental innovation and radical innovation.Tourism Management,51, 142-155. Zoox. (2018). ZOOX. Retrieved 28 March 2018, from http://zoox.com/