Business Models Tatiana Mikhalkina

Question 1

Why are Business Models Important?

Answer 1

Changes in the marketplace, such as Technology (Interenet) force companies to adopt other buiness modles

Competitive advantage is more correlated with the right business model?

Question 2

What is the differnece between Business Models and Strategy?

Answer 2

Strategy is more granular than the business model

Question 3

What comes first, Business Model or Stratagy, according to Teece David?

Answer 3

Teece David: Business Model comes first, since it outlines the broader logic in terms of value capture, value creation and strategy defines the more granular aspect

Question 4

What comes first, Business Model or Stratagy, according to Cassadeus?

Answer 4

Strategy Comes first, business model comes second, since the strategy is a more contingent plan that allows to decide which busines modle to choose.

Question 5

What can we infer about the two views of whether strategy or the business model comes first?

Answer 5

Teece, has a more entrepreneurila approach, for start ups,

Cassadeus is more focussed on large companies.

Question 6

How is the business model framework depicted?

Answer 6

Question 7

What are the components and exmples of “Customer Identification”?

Answer 7

Question 8

What are the components and exmples of “Customer Engagement”?

Answer 8

Question 9

What are the components and exmples of “Value Chain Linkages”?

Answer 9

Question 10

What are the components and exmples of Monetization”?

Answer 10