Innovation, Disruption & Sustainable Business Model: Volvo Group

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Added on  2023/06/13

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This report provides an analysis of Volvo Group's business model, focusing on innovation, disruption, and sustainability within the transport industry. It highlights the need for a robust business model for globally operating organizations like Volvo, emphasizing how a differentiated approach can attract market attention. The report identifies opportunities in Volvo's production and manufacturing systems for continuous improvement and strategic development. Challenges, such as expanding business into new countries while maintaining quality, are also addressed. The analysis underscores the importance of the Business Model Canvas for understanding business operations and identifying market gaps, ultimately contributing to smoother business operations and overall growth. Desklib provides a platform to access similar solved assignments and study resources.
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Innovation and Sustainable
Name of the Student
Name of the University
Author Note
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Disruption In Volvo
Volvo is a leading company in Australia that
has their business worldwide
(volvotrucks.com.au 2018).
Disruption can be considered as the process in
which doing the same business utilizing a bit
different technique to grab market attention by
differentiating from others.
Their production facilities is in more around 19
countries and they sell their products in 190
countries using sustainable business model.
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Major findings
There is a need of a proper business
model as Volvo is a globally operating
organization in transport industry.
A business model will show the
company can make different business
than others and serve the customers
in an innovative way (Osterwalder &
Pigneur, 2013).
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Opportunities The production and
manufacturing system of the
company for a developed
system helps the company
to determine their
rectification and
modifications they need in
their current existing
process.
The current position and
business status of the
company helps them to
determine their procedure
and strategies to develop
their productivity using the
business model.
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Challenges
To expand their business in other
countries and provide them with the best
quality equipment is a challenge that
needs to be overcome by the company.
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Conclusion
The detail of the business model of Volvo,
shows that it is a leading company in the
transport industry.
The analysis of the Business Model
Canvas is necessary for every business.
There are certain perspectives in the
market that will show the business
operations are working smooth and will
help to fill the gap.
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References
Osterwalder, A., & Pigneur, Y. (2013).
Designing business models and similar
strategic objects: the contribution of
IS. Journal of the Association for
information systems, 14(5), 237.
volvotrucks.com.au (2018) Official website of
Volvo Australia [Retrieved on 05.04.2018,
Retrieved from
http://www.volvotrucks.com.au/en-au/hom
e.html]
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