Business Model Essay: Understanding Business Models and Innovation

This essay explores the concept of business models and their application in real-world scenarios, focusing on value creation, value appropriation, and the innovation process. The essay references the work of Zott, Amit, and Massa, examining how theoretical understanding of business models can b...Read More

Business Models

Cover Content
• Introduction
• Findings
• Recommendations
• Conclusion
• References

Introduction
Business models is a plan for the operations which are
successful for the business as it assist in identifying the
sources of revenue. It includes the detail of financing as
well as intended consumer base which assist in
increasing productivity. Business model of Lidl can be
classified as retailer model. It assist in meeting long
term objectives.

Significance of model
• By having an effective consideration of model the
overall outcome can be advanced because it allows
to have better strategies in respect to deal with
issues.
• Risk can also be evaluated in desired manner
through application of valuation, process and
strategies.

Findings
• Observational research needs to be done.
• Examination of connection among business and
income model of firm.
• Evaluation of dynamic model should be done so that
find out appropriate things.
• Effective strategy needs to be used.

Recommendation
Employees and managers of Lidl can use VCA model
which helps in creating the value along with the
distribution. It requires the profit of economic and it is
equal to the sum of gain which is appropriated by the
different stakeholders.

Contd…
• Company can also focus on tracking of channel
dealers need to be advanced so that better
distribution strength can be advanced. Along with
this, inventory management and tracking need to be
consider for effective development of distribution
activities.

Conclusion
From the above report it has been concluded that they
have should make correct decision for using the
appropriate business model which will help in attaining
the success and expanding the growth in market at the
time of high competition.

References
Lin, A. and Chen, N.C., 2012. Cloud computing as
an innovation: Percepetion, attitude, and adoption.
International Journal of Information Management.
32(6). pp.533-540.
Bhasin, S., 2012. An appropriate change strategy
for lean success. Management Decision. 50(3).
pp.439-458.