Business Models And Its Managerial Implications Business Essay

Business Models And Its Managerial Implications Business Essay A business model describes the rationale of how an organization creates, delivers, and captures value – economic, social, or other forms. The process of framing the right business model design is an integral part of the company’s business strategy. In theory and practice the term business model is used for a broad range of informal and formal descriptions to highlight its basic objectives like its vision, core competencies, strategies, infrastructure, organizational structures, trading principles, and operational processes and policies.( Changing Business Models: Surveying the Landscape, J. Linder and S. Cantrell) The essence of a business model is that it defines the ways by which the business enterprise delivers value to customers, entices customers to pay for value, and converts those payments to profit: it thus reflects management’s intention of what customers want, how they want it, and how an enterprise can organize to best meet those needs, get paid for d oing so, and make a profit. After all the future of any company lies in the value that they deliver (David Teece 2010). Business models are used to describe and classify businesses (especially in an entrepreneurial scenario), but they are also used by managers inside companies to explore possibilities for future development, and finally well known business models operate as recipes for creative managers. 2. Role and Importance Nowadays, the business models used depends on the technology levels in the organization. Top level managers have created entirely new models that depend fully on existing or emergent technology. Using technology, businesses can reach a large number of customers with minimal costs. Such is its importance in today’s world that a properly framed business model provides clarity to any business. To identify and create value from an innovation, a start-up needs a well structured business model. Business models transform latest technology into outputs at the e conomic level. For emerging firms in industry, established business models cannot be followed, therefore there is a need to frame a new business model. Not only is the business model important, in some situations, innovation lies not in the product or service offered but in the business model itself. Taking into account the complexities of products, markets, and the environment in which the firm operates, very few individuals fully understand the organization’s tasks and objectives in their entirety. The technical experts and the business experts know each of their domains clearly. 3. The Domains of Business Model The conversion process that a business does is shown in the following diagram: Technical Inputs Business Model Economic Outputs A business model covers a plethora of business subjects, which includes financial, marketing, operational and entrepreneurial strategies. The business model itself is an important determinant of the firm’s revenues to be made from an idea. A well framed business model can outshadow even a weak innovation but a weakly framed business model will hide off a good innovation. 4. Components Following are the six major elements in business models: Value proposition – a clear description of the root cause for customer need, the product that will satisfy the need, and the delivered value of the product from customer’s view.

Suicidal Behavior Case Study Example | Topics and Well Written Essays - 1500 words

Suicidal Behavior - Case Study Example Nevertheless, I have established the following cause and effect relationship for the suicidal case: Family related - an abusive father with grave personal issues such as gambling addiction (p. 86); a self-destructive mother who eventually died leaving the children to fend for themselves (p. 86); a sister as a source of envy (p. 88). Suicidal tendencies common in the family (p. 86). Self related - attempt to make people around feel guilty; tendency to blame self for the miseries happening around her (p. 95). The narrator also had the feeling of being powerless of saving the parent whom he loved very much (p. 93). Society related - being a woman at that time (stated to be 1972) was disadvantageous because of the concept of man as superior than his partner. (p. 92). There was also a lack of effectiveness for the support and rescue system such as tranquilizers only causing lethargy, uninspired trainee psychiatrist and ignorant love of nuns at the convent school (p. 85). The Cause and Effect analysis reveals many important points for the determination of the suicidal tendencies. Foremost of the reason is the abusive father who found it appropriate to make his children suffer as he did. He had a hard background and the pressure of supporting his children and his mentally challenged wife was too much for him to bear. He saw his family as people who made him suffer and so he must make them suffer. Backed by the notion that the man is the head of the family, he could have deemed it fit to treat to make his family recognize his superior masculinity, albeit, to a serious and violent degree. The patriarchal system pervading the period was also providing the justification for the abusive act. Self-destruction it appears runs in the family. The mother and sister had it as well as the narrator. However, it becomes more important to point out that such unfortunate situation can be more attributed to the unfortunate life that their parents had. The narrator's mother fended for herself at the young age of 10 while the father was forced to work and forget schooling. Misery for those misfortunes made itself known thru violence. There is also a cause and effect relationship for her survival. It is as follows: 1. Narrator successfully repressing her suicidal tendency Family related - fond memories for her mother who taught her the value of cheerfulness; a newfound sibling relationship with her

Development of a Model Aviation Safety Program for General Aviation Dissertation

Development of a Model Aviation Safety Program for General Aviation - Dissertation Example In relation to research methodology, a qualitative research approach has been considered in this study. Moreover, questionnaire surveys have been conducted for both the service providers as well as the customers of the aviation industry. The sample size was considered to be 100 for the customers and 50 for the service providers. Additionally, both primary sources (in the form of questionnaires) and secondary sources (in the form of literature review) have been taken into concern for this study. Introduction The introduction and the subsequent development of aviation safety programs has eventually emerged as one of the topmost concerns for the general aviation companies due to an increased rate of airline accidents or fatalities in the global arena. In relation to aviation safety, the two priority areas, which include the human factors and the impact of technological factors, are often observed as the most prominent causes for airline fatalities. With respect to the manual causing fac tors, it has been viewed that the errors which are often caused manually by the humans ultimately lead towards serious safety issues. Conversely, with regard to technology factors, it has been apparently observed that when the technology relating to aviation segment fails to perform its functions, it also increases the degree of risks concerning the security (Aviation Safety Corps, n.d.). After acquiring a brief idea concerning the different facets of the identified research issue, it can be stated that the study mainly deals with qualitative factors such as the experiences of the service providers and the conception of the consumers regarding the development of model aviation safety related programs. Consequently, a qualitative approach of research methodology has been implemented in this study in order to gain a better knowledge regarding the necessity of introducing as well as developing aviation safety programs for the general aviation companies. With regard to research design, suitable as well as important data has been collected from conducting surveys in the form of questionnaires as a primary source. The questionnaires have been designed taking into account the service providers of the aviation companies and also the customers as the respondents. Apart from the primary source, the secondary source as a form of literature review has also been used in this study. The sample size was considered to be 100 for the customers and 50 for service providers. A descriptive analysis approach has been used in the study by evaluating the secondary sources in accordance with the primary data obtained. According to the data, the importance of introducing as well as developing model aviation safety related programs for the general aviation companies have been obtained. Project Literature Review According to the report published by the International Civil Aviation Organization (2011), it has been viewed that the numbers of airline accidents have increased substantially in the current years. This is fundamentally owing to the increased technological and human errors in preserving aviation safety. Consequently, the general aviation companies have been focussed upon the implementation and the advancement of different safety initiatives with the intention of reducing the accidents by a greater extent as well