Business Model Analysis: Strengths, Weaknesses, and Innovation

Verified

Added on  2022/01/04

|12
|530
|27
Report
AI Summary
Read More
tabler-icon-diamond-filled.svg

Contribute Materials

Your contribution can guide someone’s learning journey. Share your documents today.
Document Page
Entrepreneurship And Innovation
management
tabler-icon-diamond-filled.svg

Secure Best Marks with AI Grader

Need help grading? Try our AI Grader for instant feedback on your assignments.
Document Page
Table of contents
John Mullin’s Business model
Strengths, weaknesses, challenges and
opportunities of the business model
Proposal for improvement
Concepts and frameworks based on the business
model
Technological concepts and trends
Innovation theories
Document Page
John Mullin’s Business model
John Mullin introduced Seven Domain Model
The model comprise of seven key factors (Denzin and Giardina, 2018)
The seven key factors helps to plan and evaluate a new venture
The model helps in separating the planned activities into seven
domains
The domains are based on market, industry and team domain.
The domains are based on micro and macro level
Document Page
tabler-icon-diamond-filled.svg

Secure Best Marks with AI Grader

Need help grading? Try our AI Grader for instant feedback on your assignments.
Document Page
Mullin’s business using Canvas
business model
Document Page
Strengths, weaknesses, challenges and
opportunities of the business model
The significant strength is its opportunities to generate capability in customers
One of the strength is that this model generates value proposition for the
customers
Another strength is that this model strengthens the relationship with the
customers be delivering value to them
One of its weaknesses is it is a non-standardized and broadly identified model
One weakness is the increase in the number of ways to generate revenue
streams for the business
It requires validation for data and science
It provides with the opportunity to tap into big data services and domain
Its threat is lack of concentration from the resources
Document Page
Proposal for improvement
The ways of revenue stream and resource generation needs to be
enhanced
It needs to improve its equity financing
It requires to increase the rate of changes in regulation
It needs to validate its data and science
The model requires to improve its disruptive technology
It must standardize its model
It must remove uncertainty and carbon data error
It is needed to establish potential blind alleys
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Concepts and frameworks based on the
business model
Its concept involves attractiveness and benefits at the micro level
It also includes market attractiveness that addresses macro level
The framework includes evaluation of idea
It also involves market analysis related to macro and micro level
It is also engaged with industry analysis based on macro and micro
level
Document Page
Technological concepts and
trends
The technological concepts consist of traditional development
Another concept is Process Driven Server Integration
The technological trends possess Human Process Management (Hitt
and Duane Ireland, 2017)
Process case Management is determined to be another technological
concept
Adaptive case Management is regarded as a technological trend
Technological concepts includes direct communication technologies
Document Page
Innovation theories
The innovation theory comprise of five stages
They are confirmation, implementation, decision, persuasion,
knowledge and namely
Its categories includes early majority, innovators and early adopters
The theories consist of attitudes, subjective norms and behavioral
intention
It demonstrates its positive and negative effects
All the stages are interlinked with each other
tabler-icon-diamond-filled.svg

Secure Best Marks with AI Grader

Need help grading? Try our AI Grader for instant feedback on your assignments.
Document Page
References
Denzin, N.K. and Giardina, M.D., 2018. Introduction.
In Qualitative Inquiry in the Public Sphere (pp. 9-
22). Routledge.
Hitt, M. and Duane Ireland, R., 2017. The
intersection of entrepreneurship and strategic
management research. The Blackwell handbook of
entrepreneurship, pp.45-63.
Document Page
chevron_up_icon
1 out of 12
circle_padding
hide_on_mobile
zoom_out_icon
logo.png

Your All-in-One AI-Powered Toolkit for Academic Success.

Available 24*7 on WhatsApp / Email

[object Object]