Section12 Flashcards
1
Q
Business Model
A
- Definition: a firm’s coherent choices about value creation and value capture
- Competes against other firms’ models
- Incorporates hypotheses on what, how and for whom
2
Q
Strategy vs Business Model
A
- Business model: the logic of how you operate and create/capture value
- Strategy: distinctive plan for a unique position
- Note: every firm has a business model, but not every firm has a clear strategy
3
Q
General Purpose Technology (GPT)
What does it require?
A
- Definition: technology applicable across many sectors (e.g. AI, industrial robots)
- Key: can be licensed widely (upstream focus)
- Requires modularity, large market, and strong appropriability
4
Q
Logic of Accumulation (3)
A
- Emphasises gathering and analysing data for value creation
- Tied to platforms and surveillance capitalism
- Raises questions on privacy and power
5
Q
Platform-Based Business Models
A
- Rely on multi-sided networks
- Users/Customers: get convenient access
- Platform Leaders: orchestrate ecosystem and monetise data
- Complementors: gain market access but face dependency
6
Q
If You’re Not Paying, Are You the Product?
to be deleted
A
- Suggests user data is monetised by platforms
- Concern: personal data turned into profit without full user control
- Encourages critical view on ‘free’ services
7
Q
Srnicek on Platform Capitalism:
Are sharing-economy platforms actually sustainable?
and what can they develop into?
A
- Often rely on venture capital and loose regulation
- Potential for monopolies or few dominant players
8
Q
Zuboff’s Concerns
A
- Surveillance Capitalism: collecting and analysing data at scale
- ‘Big Other’: continuous extraction of behavioural data
- Shift in privacy rights and concentration of decision power
9
Q
Balancing Exploration & Exploitation
A
- Ambidexterity challenges: separate structures or integrated?
- Exploitation: refining existing capabilities
- Exploration: searching for new opportunities
